“How long should it take to have my bond returned?” – Matt (WA)
We asked Principal/Business Manager at Ray White Leading Edge, Tricia Gilbert for her advice on rent bond returns.
“The Department of Commerce has previously indicated it is reasonable to have the bond disposed within 30 days, or the paperwork with the tenant for signing within that time,” Tricia said.
“This ultimately depends the volume of work, if any, which has to be carried out on the property, in order to bring it back to its original condition, as at the start of the lease agreement.
“Property Managers are unable to complete the Bond Disposal paperwork until all accounts are in, as the tenant is required to have a copy of all accounts pertaining to the bond.”
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