Maximum bond amount and rent in advance guide

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Under the new rental laws, rental providers (landlords) can only ask for a maximum of one month’s rent as a bond, and can only require rent to be paid one month in advance unless the weekly rent is more than a certain amount.  

The rental provider can only charge more than one month’s worth of rent for the bond or require a renter to pay rent more than one month in advance if the weekly rental amount: 

  • is more than $900, or  
  • VCAT has set a higher maximum bond for the rental property.  

This will also apply to bonds for site agreements in residential parks.