
It is a requirement of the Department of Commerce that our Owners to take a full bond regardless who the tenant is (eg. Family, friend, work college).
The bond generally cannot be more than four weeks’ rent, with some exceptions.
These exceptions are:
The bond taken at the start of the tenancy will be held with the Bond Administrator (Department of Commerce).
A bond offers financial protection to an owner of the property. It is used if a tenant breaches part of their tenancy agreement. The bond is held by state authority until the end of the tenancy.
Once the lease agreement has expired and the final inspection has occurred, it will be decided whether bond is released.
Should the owner need to recoup costs related to any damages, the cost will be deducted from the bond payment.
Innovation and change are part of our daily routine and we recognise that every client is unique and every member of Encore Property Group is focused on providing quality service.
It is vital that you protect yourself and your valuable investment property with adequate insurance.
This covers you for rent arrears, malicious damage, accidental damage, contents e.g. carpets, blinds, light fittings and furniture, deliberate damage, legal expenses etc. READ MORE...