Guide to Rent, Bond & Holding Deposits in ACT

Navigating the complexities of renting in the Australian Capital Territory (ACT) involves understanding key components like rent, bond, and holding deposits. This guide offers clear insights to help you manage these essentials as a tenant in the ACT, ensuring you are well-informed and protected under local laws.

Understanding Rent in the ACT

In the ACT, your rent amount and payment frequency are typically agreed upon in the lease. Rent can be paid weekly, fortnightly, or monthly, depending on the arrangement with your landlord. According to the Residential Tenancies Act 1997, rent increases can occur but must follow specific protocols.

Rent Increases

Rent can only be increased once every 12 months for tenants on a periodic lease. You must receive at least eight weeks' written notice of any intended increase. If you believe the increase is excessive, you may apply to the ACT Civil and Administrative Tribunal (ACAT) to dispute it.

Bonds and Deposits

Rental Bond

A rental bond is a security deposit paid at the start of your tenancy. In the ACT, it cannot exceed four weeks' rent. It must be lodged with the ACT Revenue Office within two weeks of payment. The Rental Bond Lodgement Form is used for this process, accessible on the ACT Revenue Office website.

Holding Deposits

While holding deposits encourage both tenant and landlord commitment, they are not commonly used in the ACT. When they are, the deposit should be clearly outlined in writing regarding how and when it can be forfeited or refunded.

Tip: Always request a receipt for any deposit or payment for added security and proof.

If your application for a tenancy is unsuccessful, the holding deposit must be refunded promptly, ensuring transparency in transactions.

Tenancy Disputes and Resources

If disputes arise, be it over bond refunds or rent increases, the ACT Civil and Administrative Tribunal (ACAT) provides a forum for resolution. ACAT handles applications regarding tenancy matters including rent disputes and bond claims.

6. FAQ Section:Includes essential renter questions and solutions in an easy-to-read format.

1. What is a rental bond, and is it refundable?

   A rental bond is a security deposit paid at the start of your tenancy to cover potential damage or unpaid rent. It is refundable at the end of your lease, assuming no claims are made by the landlord.

2. How often can my rent be increased?

   In the ACT, rent can be increased once every 12 months for periodic leases. Notice of at least eight weeks must be given to the tenant.

3. What should I do if my landlord doesn't lodge my bond?

   If your landlord fails to lodge your bond, you can report this to the ACT Revenue Office, as they are legally required to do so within two weeks of payment.

1. How to challenge a rent increase in ACT

   Follow these steps to address a rent increase challenge effectively.

   1. Review the notice

      Check if your landlord followed the state's rules for notifying you of a rent increase.

   2. Respond in writing

      Write to your landlord if you want to negotiate or dispute the increase.

   3. Apply to ACAT

      If unresolved, apply to the ACT Civil and Administrative Tribunal (ACAT) for review.

Need Help? Resources for Renters

If you need assistance, the following resources might be helpful:

• ACT Revenue Office - Assistance with bond management and disputes.
• ACT Civil and Administrative Tribunal (ACAT) - Handles tenancy disputes including bond and rent issues.
• Tenants' Union ACT - Provides advice and support for tenants.

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¹Residential Tenancies Act 1997

²ACT Revenue Office: Rental Bonds

³ACT Civil and Administrative Tribunal (ACAT)

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