Yes, a bond total bond amount can be shared between different occupants of a rental property.
This is where there is more than one contributor for a rental bond and can also allow for co-tenants to both contribute to the bond.
If you contribute to a bond ensure you receive a receipt and or your name is against the lodgement.
State or Territory Requirements
A landlord cannot take a separate bond from each tenant.
If a co-tenant leaves during the tenancy, they will need to get their share of the bond from the new tenant moving in, or those remaining. They must also complete a Change of bond contributors form and lodge it with the RTA.
If all the tenants move out they need to complete a Refund of rental bond form.
In a co-tenancy, the bond amount is usually divided equally among the tenants.
The rental bond can be paid by the tenant or for the tenant.
The bond may be provided by another person other than the tenant. This other person is also entitled to apply to the commissioner for a refund of the bond.
Yes, if more than one person has paid the bond, their names must be recorded on the lodgement form to protect each tenant’s share.
Yes, there can be a security deposit contributor.
A bond may specify the proportions of the security deposit paid in relation to each tenant under the tenancy agreement. If it does not, it is taken to have been paid in equal proportions by all the tenants unless determined otherwise by all tenants in writing or by a Tribunal.
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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.