As a landlord there are some basics that you must know and do when your tenant moves in. You can ask them for the bond money up to the equivalent of 4 weeks’ rent. You don’t have to request a bond, but the bond represents protection that you are entitled to under the law. If things should go wrong during the tenancy or your tenant falls behind in their rent then you can apply to keep some or all of the bond money in order to cover costs.
March 26, 2012
Terminating a Fixed Term Tenancy
Can a tenant or landlord on a fixed term tenancy agreement break the agreement? You might be surprised to learn that there is a way to reduce the term of the tenancy or exit out of the tenancy contract altogether. Section 66 of the Residential Tenancies Act allows parties on a fixed term tenancy agreement to apply to have the term reduced or ended. Usually an application would be made by either party to the Tenancy Tribunal and they would a decision.
February 28, 2012
How to Pay a Tenant Bond
A tenant bond is a deposit paid by tenants while renting out property and is payable to the owner. It works like a guarantee that the rented accommodation will be returned in a good condition. Damages if any, are deducted from this amount.
January 18, 2012
How to Get a Bond Refund
A tenant bond is given to the landlord at the time of signing a tenancy agreement. When the tenancy agreement is terminated, it is time to claim a refund of the bond. Since the landlord has to deposit the bond amount with the Department of Building and Housing, the refund of the amount also, has to be claimed from the same government department.
December 19, 2011
What is a Bond Guarantee
Bond Guarantees Explained A bond guarantee is a commitment to pay the bond amount by a company or organization other than the individuals signing the bond. In the case of bond tenancies in New Zealand, a bond guarantee is an additional security for the landlord that he will not be cheated of his rent, or [...]
December 7, 2011
Paying Tenancy Bond By Installments
It is always possible to pay a tenancy bond by installments. A tenancy bond is the money that has to be paid by a tenant while signing a tenancy agreement for a property, to the landlord as a security deposit that can be used to settle claims, if any, by him for rental defaults or any damage caused to his premises, beyond the customary wear and tear, and any other justified claims
December 1, 2011
BondAssist – now even better!
Flexible choice of cover, lower rates and a free transfer – selling BondAssist just got easier
November 16, 2011
How to deal with Tenant Bond Disputes
Tenant bond disputes are not uncommon, especially when the landlord-tenant relationship turns sour, due to neglect of the property by either party or money related issues.
November 8, 2011
The Process When a Tenancy Agreement Ends
A tenancy agreement comes to an end when the tenure of tenancy ends, or the landlord or tenant wish to end the contract or there is a dispute which leads to a Tenancy Tribunal issuing an order for termination.
October 24, 2011
All about rental Bond Tenancies
Bond tenancies is a term used to define a tenancy agreement signed between a tenant and landlord and involves payment of a bond deposit as a security for the landlord out of which he can deduct damages and rental payment defaults. The tenancy agreement signed is a standard one provided by the Department of Building and Housing, though some landlords may opt for one of their own.
April 24, 2012
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