Bond money is an important part of the tenancy which is also a major reason for disputes between the tenants and the landlord. Bond money is the security money that a tenant has to deposit while moving into a rental property at the beginning of the lease.
This security money benefits the landlord or the property owner in case the tenant fails to return the rented property in the same condition as it was provided to them. It is mandatory for every tenant to return the rental property in the exact same condition as it was provided to them.
If the tenant fails to return the rental property in the same condition at the end of the lease then the landlord or the property owner holds a right to keep some part of the bond money in order to restore the rental property in the same condition as it was provided to them.
If you hire a professional Bond Cleaning Gold Coast service provider then you have a better chance of recovering your bond money at the end of your lease. Because the professionals have years of experience in the same industry ad know exactly what a property manager wants from bond cleaning Gold Coast services.
However, there is something which is called general wear and tear for which nobody can hold you responsible at the end of the lease. These general wear and tear consist of things like indent marks of the furniture on the carpets, fading of the window frame, walking marks on the carpets and handprints on the banister etc.
It is highly recommended by the experts to hire only professionals for the bond cleaning Gold Coast service of your rental property at the end of your lease. Professional cleaning service providers always come with the right expertise and the experience required to deliver that satisfying bond cleaning Gold Coast output.
How Bond Money Is Managed
As per the guidelines issued by the governing body RTA ( Residential Tenancy Authority ) which watches over the right and responsibilities of the tenants, every tenant must lodge a bond agreement with the corresponding property manager.
The bond money can be equivalent to a maximum of 4 weeks of rent and it cannot be changed during the tenancy period. This bond money is later deposited to the RDA ( Rental Deposit Authority ) and is held by them until the lease expires.
If there is more than one tenant involved then all of them will equally contribute to the bond money. On successful submission, both partied will get a receipt which can be used to claim the bond money at the end of the lease.
The same process can be done online for which both parties must register themselves on the website to begin the process. The landlord or the property owner then fills the bond lodgment form after which the tenant can pay the bond deposit online securely.
At the successful submission, both partied are provided with one condition report each. This condition report contains all the details about the condition of the rental property on day one of the lease period.
The tenant should pay some extra attention to this report and discuss everything with the corresponding property manager as these things will impact the move out process directly.
The tenant can also take pictures of the rental property and the condition report for proof in case any dispute arises between the tenant and the property manager. After all your hard-earned money is on the stack in the form of bond money.
We would recommend hiring a professional bond cleaning Gold Coast service provider for your rental at the end of your lease without taking any further risk. Professionals have good experience with recovering bond money thus making them a good choice for bond cleaning Gold Coast services.
How To Claim Your Bond Money
Tenants, property managers and landlords can claim the bond money at the end of the lease. But the claim must be approved from all parties involved in the process. The tenant can make this claim after the tenancy period has expired and the landlord has not made any claim within 3 business days.
The landlord can also make a claim for this bond money after the lease period has expired. But the landlord will have to prove that he has incurred a financial loss due to an act of committed by the tenant present on the rental property.
The landlord can claim the bond money in case the tenant fails to restore the rental property in the same condition as it was provided at the beginning of the tenancy. In other words, the tenant has to fulfil the lease agreement or should stay prepared to lose part of or complete bond money.
Hiring a professional bond cleaning Gold Coast service provider for the recovery of your bond money is a smart move. A professional can also assist you with the recovery of your bond money apart from providing you with a professional bond cleaning Gold Coast services.
How The Bond Money Is Refunded
The tenant can claim the bond money online after the end of the lease period. For this, the will firstly have to check on the website if the landlord or property manager have claimed for the bond money or not.
In case nobody has claimed the bond money, the tenant can submit a claim online after which a notification will be sent to the property manager and the landlord within 7 business days. If both of them approve the bond refund, then the tenant will get their bond money back into their back account.
In case you are unable to figure out how to recover bond money, it is recommended to simply hire professional experts for bond cleaning Gold Coast services. We have years of experience and all the right expertise required to deliver a satisfying bond cleaning Gold Coast output.