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Lodging the bond when a tenant is paying it in instalments

You should not wait until you have received the full bond amount, before lodging it with the Residential Tenancies Bond Authority (RTBA). 

Any payment received as bond by the landlord or agent must be submitted to the RTBA within 10 business days. This includes installment amounts.

When the landlord or agent receives the first installment from the tenant, this amount must be entered on a Bond Lodgement form and lodged with the RTBA. Subsequently, when the landlord/agent receives the balance or another installment, they should lodge an Increase  Bond Value form, with the next installment or the balance of the bond. 

You can get this form by emailing: rtba@justice.vic.gov.au

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Tenants and Landlords
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