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Why landlords must lodge bonds with the RTBA

The Residential Tenancies Bond Authority (RTBA) holds bonds in trust for landlords and tenants, or owners and residents, giving all parties equal say on how bonds should be repaid when a rental agreement ends.

Under Section 406 of the Residential Tenancies Act 1997, a landlord who receives a bond from a tenant must lodge the bond and the completed Bond Lodgement form with the RTBA within 10 business days of receiving the bond. Failure to lodge the bond within this timeframe may result in penalties.

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Tenants and Landlords
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