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How do I lodge a Bond in TAS?

Bond Lodgement

Updated over a week ago

A bond (sometimes called a ‘security deposit’) is a payment by a tenant which acts as a security for the owner. It protects the owner from any financial loss if a tenant does something the lease does not allow or fails to do something the lease requires them to do.

A bond cannot be more than four weeks’ rent, and cannot be increased during the tenancy.

It is illegal for property owners to receive a bond from a tenant and for a tenant to pay their bond to a property owner.

Before paying a bond, the owner and tenant must register in MyBond, owners register here.

You can direct your tenant here.

Lodging a bond

The Rental Deposit Authority holds all rental bonds. You can pay a bond as one amount, or each tenant can contribute an amount, called a bond contribution.

A tenant can pay the bond once the owner or agent has completed the lodgement in MyBond. The tenant will receive a notification when this has happened.

The owner must complete the bond lodgement form in MyBond so that the tenant can pay the bond.

A tenant can receive help from a Deposit Contributor, for example, Anglicare. The owner should enter this in the lodgement details. You can select the Deposit Contributor from the drop-down list available. The Deposit Contributor receives a notification when this has happened.

Bond contributions can only be accepted from Deposit Contributors prescribed under the Residential Tenancy Act Regulations.

You can read these at www.legislation.tas.gov.au

Paying a bond

Once the owner lodges the bond details, MyBond sends the tenant a notification asking them to pay the amount.

A tenant can pay their bond contribution either:

  1. online via the secure PayWay in the MyBond system

  2. via their property manager in a real estate agency (an agent) if the agency accepts bonds, or

  3. via a Service Tasmania shop, using their Bond barcode or Bond number.

For additional help, you can call Consumer, Building and Occupational Services on 1300 654 499.

Information sourced directly from https://cbos.tas.gov.au/ and all information correct as at 12/07/21

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