It believes that the current online bond system does not enable enough time for the tenant and landlord to communicate about the bond.
REINSW CEO Tim McKibbin said: “Whilst REINSW welcomes a system that decreases the administrate burden imposed on small business operators, one of the main reasons why agents are not utilising the online rental bond system is because of the insufficient refund process at the back end of the system.”
REINSW did applaud the checklist feature for the tenant to complete before applying for the bond. However it recommends it is improved by including a seven day grace period upon leaving the property to prevent both parties from making a claim without mutual consent.
The proposed amendment to section 159 (1A) requests that a landlord or landlord’s agent, or any other person does not require or receive a bond from a tenant unless:
If the tenant has provided an address:
REINSW put together its submission with the help of its Property Management Chapter Committee.
To download the submission (PDF) please click here .
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