TENANT INFORMATION GUIDE FOR TENANTS (VIC) | Page 11

PART 1: Beginning a tenancy The bond Bonds from the Director of Housing (DoH) Most landlords will ask you to pay a bond. A bond acts as a security that you will meet the terms of your tenancy agreement. If you fail to keep the property clean, cause damage or are in rent arrears, your landlord may claim some or all of the bond when the tenancy ends. If you are on a low income and can afford to rent privately, but are struggling to pay the up-front costs, you may be eligible for a bond loan from the DoH. If your rent is $350 a week or less, the bond cannot be more than one calendar month’s rent. Your landlord cannot increase the bond during your tenancy. Looking after the bond Your bond money is held by the Residential Tenancies Bond Authority (RTBA). If your landlord receives a bond or a part payment of a bond, they must give you a completed and signed official ‘Bond Lodgement’ form to sign. ’Bond Lodgement’ forms can be generated on the RTBA Online website at rentalbonds.vic.gov.au. Forms are also available from the Consumer Affairs Victoria website. Payment must be made by cheque or money order to the ‘Residential Tenancies Bond Authority’. The postal details are under Residential Tenancies Bond Authority (RTBA) on page 42 and on the ‘Bond Lodgement’ form. The RTBA will send a receipt to you and your landlord. Contact the RTBA if you have not received a receipt 15 business days after paying your bond. A DoH ‘Bond Lodgement’ form must be used when the DoH contributes some or all of the bond. The DoH will issue the form with the bond payment when a bond loan is approved. In cases where you have paid the bond while waiting for an approved DoH bond loan, you may apply to the RTBA to get your bond money back. To find out if you are eligible for a DoH bond loan, contact the DoH through the Office of Housing > see Office of Housing on page 43 for contact details. Dishonoured bond payments If a bond payment to the RTBA is dishonoured, the landlord can organise to collect the money and re-lodge the bond, give you a 14-day ‘Notice to Vacate’ for nonpayment of a bond, or waive the bond. Difference between bond and rent Your bond and rent are separate payments. You may be fined for treating any part of the bond as rent. You must continue to pay rent until you vacate even if: • your landlord has refused to do repairs • you have given your landlord notice of your intention to vacate • your landlord has given you a ‘Notice to Vacate