Getting your Bond Back
In New South Wales, a rental bond serves as a security deposit paid by tenants to landlords at the commencement of a tenancy. Administered by the Rental Bond Board, a division of the NSW Fair Trading, the bond is to cover potential damages, unpaid rent, or breaches of the tenancy agreement. The bond amount is equivalent to four weeks' rent.
Ensuring a complete refund of your bond involves following these steps:
1. Maintain the Property in Pristine Condition:
To receive a full bond refund by returning the rental property in the same state it was in when you initially moved in. This encompasses cleaning, repairing damages, and eliminating excessive wear and tear. If uncertain about the requirements, seek a checklist or have a chat to your property manager.
2. Timely Rent Payments:
Rent payments significantly impact your bond refund. Ensure all rent is paid up to the vacate date when leaving the property.
3. Effective Communication:
Establishing effective communication with your landlord or property manager is crucial for a smooth bond refund process. Address any concerns promptly to avoid misunderstandings and enable timely repairs or cleaning before moving out.
4. Conduct a Pre-Vacate Inspection:
Request a pre-vacate inspection from your property manager at least 2 weeks prior to vacating to access any areas that may need special attention at the property such as gardens and any possible damages to ensure you have time to have them attended to.
5. Maintain Records:
Keep detailed records of all communication with your landlord or property manager, including emails, letters, and phone calls. This documentation serves as evidence that you've taken the necessary steps to return the property in good condition and proves valuable in case of disputes during the bond refund process.
Curious about tenancy-related queries? Experience the impact of a dedicated team of property managers and discover the difference they can make! If you have any further questions regarding your tenancy with Next Level, please feel free to get in touch. You can contact us either by calling 0402 866 885 or sending an email to info@nlproperty.com.au. We are here to assist you and are eager to provide any additional support you may need.
