Navigating Rent, Bonds, and Deposits in ACT

Renting in the Australian Capital Territory (ACT) comes with specific rules and regulations that can impact your renting experience. Understanding the ins and outs of rent, bonds, and holding deposits is crucial to ensuring a smooth tenancy. This guide will help you navigate these elements effectively, so you are well-informed and protected under the Residential Tenancies Act 1997.

Understanding Rent Payments in the ACT

In the ACT, rent is typically paid on a weekly or fortnightly basis unless otherwise agreed. It is important to note that landlords can only increase rent every 12 months unless the lease specifies otherwise. If you receive a rent increase notice, ensure it complies with the ACT regulation stipulating a 60-day notice period.

If you believe a rent increase is unreasonable, you can apply to the ACT Civil and Administrative Tribunal (ACAT) for a review. For more details on acting during a dispute, visit the ACAT website.

Managing Bonds

A bond acts as security for the landlord against any potential damages. In the ACT, the maximum bond amount is equal to four weeks' rent. This bond must be lodged with the ACT Revenue Office, and you should receive a receipt.

If your landlord requests an additional guarantee or bond, you have the right to refuse, as these are not permitted under the Residential Tenancies Act 1997.

How to Lodge a Bond

• Complete the ACT Rental Bond Lodgement form, which can be found on the ACT Revenue Office website.
• Submit the form and bond amount within two weeks of receiving it.

Holding Deposits

A holding deposit is a payment to ensure your commitment to renting a property. In the ACT, once a holding deposit is paid, the landlord is obligated not to offer the property to another prospective tenant for a specified period. This amount will be deducted from the first rent payment if you proceed, or refunded if the landlord declines your application.

1. What should I do if my landlord increases the rent?
   Check if the increase complies with ACT regulations (60-day notice after a rent freeze period) and contact ACAT if you wish to dispute it.
2. How is my bond protected?
   Your bond is lodged with the ACT Revenue Office and protected under government regulations.
3. What happens if I decide not to rent after paying a holding deposit?
   If you withdraw your application, ensure you understand the agreement terms, as you may forfeit the deposit unless otherwise specified.

1. How to respond to a rent increase notice?
   1. Step 1: Review the notice and verify it meets the 60-day requirement.
   2. Step 2: Write to your landlord to discuss or dispute the increase if necessary.
   3. Step 3: File an application with ACAT if an agreement cannot be reached.

Key Takeaways

• Know your rights and responsibilities regarding rent increases and dispute procedures in the ACT.
• Ensure your bond is lodged with the ACT Revenue Office for protection.
• Receive a clear agreement when paying or refunding a holding deposit.

Need Help? Resources for Renters

• ACT Revenue Office: Visit ACT Revenue Office for bond lodgement forms and advice.
• ACAT: For disputes and applications, go to the ACT Civil and Administrative Tribunal.
• Tenants' Union ACT: Get advice and support by visiting Tenants' Union ACT.

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1. Residential Tenancies Act 1997 - Read the full act here
2. ACT Civil and Administrative Tribunal - Visit ACAT
3. ACT Revenue Office - Lodge Your Bond Here

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