In NSW, a rental bond is money a tenant pays to a landlord or agent and is held by NSW Fair Trading as security. Both tenants and landlords or agents can manage or claim their bonds using Rental Bonds Online.
It is a fast and convenient way to:
Lodge, view and claim residential rental bonds online without having to send cheques and paper forms.
Receive Email and SMS phone notifications confirming what is happening to a rental bond.
View notifications and key tasks that require action within Rental Bonds Online.
Self-managing landlords must be registered with Rental Bonds Online and offer the service to new tenants as the first option for payment of their bond.
How to Lodge the Bond in NSW
Register Your Property and Create an Account:
First, you'll need to register your property and verify to create your account with Rental Bonds online.
Download and complete the Rental Bonds Online - Landlord/ Owner Proof of Identity and Registration Form
Visit any Service NSW Centre with the completed form and the required original proof of identity documents. Locate your nearest Service NSW centre on the Service NSW web page or call 13 77 88.
OR Email rboregistration@customerservice.nsw.gov.au your completed form with a certified copy of the required proof of identity documents (as outlined in the form), endorsed as a true copy by a Justice of the Peace.
You can find a JP in your area here.
Once NSW Fair Trading has verified your proof of identification documents with your completed form, you will receive emails with your new Landlord Code and instructions to activate your RBO account.
Already Registered?
You will skip straight to entering the tenancy details and inviting your tenants to pay the bond directly to NSW Fair Trading.
Here are the steps you need to know before lodging a bond with your tenant. Rental Bonds Online will direct you to a website where you can access bond lodgement in NSW.
The Lodgment Process and Steps:
Setting up the Bond on RentBetter
👉 On RentBetter, we recommend that you use the Rental Bonds Online Service to complete the payment of the bond.
To do this, please choose ‘NSW Fair Trading through Rental Bonds Online’ as the option for where the tenant is providing the bond during the tenancy setup steps:
Once the tenants have made the payment through Rental Bonds Online, you will receive a notification directly from Rental Bonds Online that the bond has been paid.
Then you can proceed to mark the bond as paid inside your RentBetter account and upload any receipts via the bond section for record.
Supporting tenants to use Rental Bonds Online
To support your tenant with Rental Bonds Online, you can direct them to the Rental Bonds Online – for tenants page
Bond Lodgement FAQs
Does a rental bond have to be taken?
There is no legal requirement to take a bond but it is typically recommended to do so to protect your property in the event of damage or unpaid rent or bills.
Do I need to lodge the bond, or can I keep it in my account?
You must lodge the bond with the bond authority in NSW, and it is an offence not to do so.
How long do I have to lodge the bond?
In NSW, bond payments must be lodged with Rental Bonds Online within 10 working days of being received. It’s a legal requirement that the bond is not held in your account and must be formally lodged through Fair Trading.
What is the maximum bond I can collect?
In NSW, the maximum bond that can be collected from your tenant is 4 weeks' rent.
Can RentBetter lodge the bond for me?
Unfortunately, we're not able to lodge the bond on your behalf. You should complete the lodgement through the RBO and have the tenant make the payment through their portal. Then, once the bond is paid, you can mark it as paid inside RentBetter via the Bond section.
What happens if I have selected to collect the bond payment through the RentBetter platform instead?
Collecting the bond payment through Rental Bonds Online is the recommended method in NSW. However, if you’ve chosen to collect the bond through RentBetter instead, you’ll need to complete the lodgement manually using a paper form.
This process will require visiting a Service NSW Centre in person. You can find more information about how to lodge a bond using the paper form here - https://www.service.nsw.gov.au/transaction/lodge-a-residential-rental-bond-landlords-and-agents
Can the bond be topped up or increased throughout the tenancy?
In NSW, the bond is not permitted to be increased where the tenant continues to occupy the residential premises under one or more successive residential tenancy agreements.
For Help or Further Information
For additional help, you can contact Rental Bonds Online Security and Support directly by emailing rbosupport@customerservice.nsw.gov.au or call 1800 990 724.
Information sourced directly from https://www.fairtrading.nsw.gov.au/