All Topics / Help Needed! / How much bond should a tenant give in general? And do they pay a month upfront or how does that work? (In General)

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  • Profile photo of PsychiatristPsychiatrist
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    @psychiatrist
    Join Date: 2005
    Post Count: 70
    April 17, 2007 - 7:11 am

    How much bond should a tenant give in general? And do they pay a month upfront or how does that work? (In General)

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
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    April 17, 2007 - 7:28 am

    I think the general rule is 4 weeks rent as bond and they also need to pay 2 weeks in advance.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of XeniaXenia
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    @xenia
    Join Date: 2002
    Post Count: 1,231
    April 17, 2007 - 8:29 am

    depending on the state.
    In SA it is 4 weeks bond for rents $250 per week and under and 6 weeks for anything above

    Profile photo of CallanderCallander
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    @callander
    Join Date: 2005
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    April 18, 2007 - 2:51 am

    In Vic the norm is a calendar month as bond (weekly rent X 52 divided by 12) and 4 weeks rent up front.

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