Bond Top Up

Modified on Tue, 8 Oct at 7:08 AM

It is important to understand what is required by way of a bond top up and when they can be requested by an owner/agent from a tenant.


Each state and geographical location may have different requirements and rules to consider as tenancy law is a state based law. Whilst most have a similar outlook you do need to consider what may be specific for your state or region.


Queensland


  • Bonds can only be increased once every 12 months from when a bond was last paid or increased 
  • Bonds can be a maximum amount that is equivalent to 4 weeks rent
  • Bonds must be lodged within 10 calendar days of receiving it in the Trust Account


New South Wales


  • Bonds cannot be "topped up" through a tenancy no matter how much the rent may increase through a tenancy.


Victoria


  • Bonds cannot be "topped up" through a tenancy no matter how much the rent may increase through a tenancy.


South Australia


  • Bonds cannot be "topped up" through a tenancy no matter how much the rent may increase through a tenancy.


Tasmania


  • Bonds cannot be "topped up" through a tenancy no matter how much the rent may increase through a tenancy.


Western Australia


  • Bonds cannot be "topped up" through a tenancy no matter how much the rent may increase through a tenancy.





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