Rental Bond Calculator Victoria

When you apply for rentbond we ll be referring you to fair go finance who will take your application and support you through the life of the loan. To convert rent between daily weekly monthly and other values you can also use consumer affairs victoria s rent calculator. The bond money is held by the residential tenancies bond authority.

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Bond payments and refunds a bond is a sum of money usually paid to the landlord or their agent at the start of your tenancy.

Rental bond calculator victoria. 180 weekly rent 7 25 714285 per day and is rounded down to 25 71. The calculator automatically displays rent payments for various periods. Close the version of the browser you are using is not compatible with this website. The rental bond must be deposited with the residential tenancies bond authority.

Select one rental period and type in the amount. Making payments utilities preparing for inspections insurance bond pets and more. Calculating rent consumer affairs victoria. If the property manager owner takes a bond they must give the tenant a receipt and lodge it with the rta within 10 days.

It is returned in full at the end of your lease unless the landlord is eligible to claim for damages or unpaid rent. A bond is a security deposit in case you damage the property. We then round this figure up for example monthly rent of 1 200 25 will show up as 1 201. It s a way for tenants to pay their rental bond 2 weeks rent in advance and any other moving costs via a personal loan that is repaid over time.

Please update your browser to a more recent version. Rent calculator use our simple online calculators as a guide to for weekly rent payments and moving in costs. If you are directed to complete a 1form application through a third party advertisement the bond amount will be what the agency has put into the listing which might be determined using a different calculation to the above. By law if your landlord asks you to pay a bond it must be lodged with the residential tenancies bond authority rtba and held by the rtba until your tenancy ends.

A bond loan must be paid back in full at the end of your tenancy. Rentbond is a rental bond loan. The maximum rental bond that can be charged in victoria is the equivalent of 1 month s rent when the weekly rent is 350 or less. This guide covers landlords or head tenants and tenants or sub tenants in a residential tenancy.

A rental bond is a security deposit paid at the start of the tenancy. Rentbond is provided in partnership with fair go finance. It is an offence not to do so.