Bond Lodgement Form

Discussion in 'Property Management' started by Apprentice, 7th Dec, 2018.

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  1. Apprentice

    Apprentice Active Member

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    25th Aug, 2018
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    37
    Location:
    Melbourne
    Hi all,

    We are having a situation where the tenant has paid the bond but not signing the Bond Lodgement Form. The agent cannot lodge the bond without their signature and they have been in the house for one month.

    When a tenant pays a bond, the tenant and the landlord or agent must sign a completed Bond Lodgement form from the Residential Tenancies Bond Authority (RTBA).

    Why would a tenant do this? They have paid the bond. The agent tells me it is in their trust account, supposedly.

    Wouldnt the tenant want the bond to be placed securely in the RTBA or is there something I am missing?

     
  2. Michael Mitchell

    Michael Mitchell Property Manager Business Member

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    Location:
    Brisbane (Nundah)
    In QLD, the form doesn't need to be signed by all parties. In this scenario for example, the Lessor/Agent can sign and lodge the form, receive the BPAY ref and pay the money to the RTA, as this must happen within 10 days of receipting the bond. If the Tenants then do not agree with the bond split/allocation between the listed Tenants, they can waste their time applying to the RTA to have that amended, if for example a generic approach of splitting it evenly isn't actually reflective of who paid what.
     
    Tom Rivera likes this.
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Sydney or NSW or Australia
    If the agent lodges, then the bond Board can chase for a signature - the tenant is disadvantaged sad they can't prove that they've signed the deposit or the refund.
     
    Tom Rivera likes this.
  4. Tom Rivera

    Tom Rivera Property Manager Business Member

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    1st Jul, 2015
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    Location:
    South East Queensland
    I cannot fathom why a tenant would pay the bond but refuse to sign the paperwork, tremendously strange....

    The agent needs to sign and lodge without their signature ASAP, the RTA likes to chew up agents over late bond lodgements.
     
    Michael Mitchell likes this.