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Tenant asks if they can use Bond as rent for the last few weeks...

Discussion in 'Property Management' started by fullylucky, 3rd Jul, 2015.

  1. fullylucky

    fullylucky Well-Known Member

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    Tenant asks if they can use Bond as rent for the last few week(s)...

    A. Are they stupid? (Don't understand what bond is for)
    or
    B. Do they think their peace of mind is more important than your peace of mind?

    How would you reply?
     
    Last edited: 3rd Jul, 2015
  2. Perp

    Perp Well-Known Member

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    "No."
     
  3. spludgey

    spludgey Well-Known Member

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  4. HUGH72

    HUGH72 Well-Known Member

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    No, thats not what it's for.
     
  5. Hodor

    Hodor Well-Known Member

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    If only this was a surprise.
     
  6. Scott No Mates

    Scott No Mates Well-Known Member

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    Is there anywhere on the bond form which says "this is payment of rent in advance and can be used to offset the rent at the end of the lease?

    I thought not.
     
  7. Chilliblue

    Chilliblue Well-Known Member

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    No.

    I hope the request did not come via a PM.
     
  8. D.T.

    D.T. Adelaide Property Manager Business Member

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    Fully Lucky is a SME on rentals. No PM needed.
     
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  9. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Only if its to pay the power bill from the heater
     
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  10. skater

    skater Capitalist Premium Member

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    Hehe
     
  11. Morpheus

    Morpheus Member

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    Ah fullylucky! I'm happy you joined the forum!

    In all seriousness though, if a tenant was to not pay the last 13 days, you can't evict them on those grounds as it needs to be 2 weeks, so the outstanding rent would be deducted from the bond at the final carve up, and there is not much we Can do as landlords to avoid this?
    Sorry I'm quite a newby and never had this happen...
     
  12. Sonamic

    Sonamic Well-Known Member

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    No! It NEVER ends well from my experience as it leaves you no safety net. This ended my career Self Managing.
     
  13. fullylucky

    fullylucky Well-Known Member

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    I'm happy that you are happy.........

    For me... There's 4 reasons why landlord takes bond in the first place.
    1. Make sure tenant doesn't rekt the place.
    2. Make sure tenant cleans the house and return keys.
    3. Make sure tenant gives advice notice to vacate.
    4. I guess a buffer headroom between rent in advance.

    Why would i let you use bond as rent at a time when it's needed the most... defeats the purpose of having bond in the first place.

    Why does tenants ask for things like this?o_O
     
  14. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    coz they dont understand, thats all

    ta

    rolf
     
  15. Scott No Mates

    Scott No Mates Well-Known Member

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    Because they are contemplating doing a runner and leaving you short at the end of the day.
     
  16. bob shovel

    bob shovel Well-Known Member

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    I had a tenant do it. Quite smart really, although they didn't ask. the bond was provided by our friends at centrelink. They stopped paying 4 weeks out and we're happy to give up the bond.... However the cleaning bill and damages got up to the bond amount. Pm did really well and happy to take them through the system!
     
  17. Chilliblue

    Chilliblue Well-Known Member

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    Smaller mums and dads commercial tenants often ask something similar. Can I give you the bond when I get my old one back? Imagine their surprise when you give them the standard answer.
     
  18. citystar

    citystar Well-Known Member

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    Computer says noooo. *cough*
     
  19. WattleIdo

    WattleIdo renovating Premium Member

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    I've had a couple of tenants try to pull this one. They usually don't ask, they just try to not pay full rent.
     
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  20. geoffw

    geoffw Moderator Staff Member

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    Even if the place is well kept there's a good possibility of professional cleaning required. There's a chance of other damage. That's why there's bond.