Some of the common reasons a rental bond may not be refunded in full are:
- Keys are not handed back to the landlord. (Money may be taken out of the bond to cover the costs to replace keys and change the locks).
- Bills are left unpaid.
- A tenancy is terminated before the agreement without a ‘breaking the lease’ fee or compensation.
- Excess damage caused by the tenant.
- Failing to notify the landlord of repairs needing to be made.
At the end of a tenancy, the property needs to be left in a reasonably clean and undamaged condition. Both the landlord and the tenant can check the original condition report as a guide to what it should look like (or photos if they were taken prior to the tenancy agreement).
Note: Apart from ‘fair wear and tear’ the property should be unchanged.
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These legal guides provide a brief summary and introduction of the laws and regulations affecting renting. They do not cover all cases and might not apply to your specific rental property situation. It is important that you use this information as a guide only and seek independent Legal Advice or consult the Relevant Legislation. Snug does not accept any liability that may arise from the use of this information.