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Rental bonds ACT Revenue Office Website
Most landlords or agents will ask you to pay a bond when renting a residential assets. A bond acts as a safety for the functionality of the tenant’s responsibilities under a residential tenancy agreement. Lessors and agents are not required by law to take a bond from a tenant, although, in the event that they do receive a bond, they are required to lodge it with the ACT Revenue Office. Bonds can be any amount up to a greatest of 4 weeks rent. Lessors and agents must give the tenant a receipt as proof of fee of the bond.


Occupancy agreements may require a security deposit be paid. When a refund is requested, a claim may be made by the lessor also called the landlord for damage brought on by a tenant besides normal wear and tear or astonishing rent owed. The ACT Revenue Office is responsible for the receipt and management of residential tenancy rental bonds in the ACT under the Residential Tenancies Act 1997 the Act and the Residential Tenancies Regulation 1998 the Regulation. The ACT Revenue Office doesn't provide legal advice to tenants, landlords or real estate agents. The Renting Book is a guide to rental laws in the ACT, other useful substances are listed on the Related Resources page of this site. If you're the lessor, you're going to want to pay land tax for both a rented or vacant assets it is not your important place of house.


You may be chargeable for the overseas ownership surcharge if you aren't an Australian citizen or resident. As TASTEK NEWS of the ACT Revenue Office’s ongoing commitment to deliver faster, more effective digital amenities, we have built a web Rental Bonds Portal. The portal offers real estate agents and landlords the ability to lodge, manage and request refunds for bonds online. The new 360 view adds a close abstract of bonds held in the portal, including the bond number, belongings tackle and bond status e. g. lodged, refund pending and refunded.


The portal also will issue receipts, co tenant change notices and Bond Refund Notices electronically, recovering turnaround times. Agencies have the added ability of being able to manage their own user money owed and will easily add distinct assets managers to administer bonds on behalf in their agency.

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