Common Questions About Rent, Bond & Holding Deposits

Renting in South Australia comes with its own set of unique regulations and questions, especially when it comes to rent, bond, and holding deposits. Understanding these components is crucial for both new and experienced renters as they navigate their rights and responsibilities under the Residential Tenancies Act 1995¹.

Understanding Rent Payments in South Australia

Rent is typically payable in advance and the amount, frequency, and manner of payment should be clearly outlined in your tenancy agreement. Rent increases can only happen once every 12 months for periodic leases, and the landlord must give at least 60 days' written notice.

Bond and Holding Deposit Essentials

Your rental bond, essentially a security deposit, is lodged with Consumer and Business Services (CBS) and is covered by the Fair Trading Act 1987². It's important to ensure that you receive a receipt when your bond is lodged. Holding deposits, on the other hand, are usually non-refundable if you decide not to proceed with the rental.

When and How to Use Relevant Forms

• Bond Lodgement Form: This form is used to officially lodge your bond with CBS. Ensure both you and the landlord complete and sign it at the beginning of your tenancy. More information can be found here.
• Notice to Vacate (Form 2): Useful when you wish to terminate your lease. It requires specific notice periods depending on the circumstances, e.g., the end of the fixed-term tenancy.

FAQs

1. How can I ensure my bond is returned? At the end of your tenancy, ensure the property is cleaned and any damages are repaired. You and your landlord should agree on the condition of the property to ensure the bond is returned promptly.
2. What should I do if my rent increases? Verify that you were given 60 days’ notice and that the increase occurs no more than once in a 12-month period.
3. Can a landlord keep my holding deposit? Yes, if you decide not to proceed with the tenancy, the holding deposit can be non-refundable.

Need Help? Resources for Renters

If you are experiencing issues or want more information regarding tenancy rights in South Australia, the following resources can help:

• South Australian Civil and Administrative Tribunal (SACAT): Handles tenancy disputes.
• Consumer and Business Services (CBS): Provides information and assistance regarding tenancy laws.
• Community Advocacy Groups: Offer support and advice to renters.

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1. For more details on the Residential Tenancies Act 1995, visit the official [South Australian legislation site](https://www.legislation.sa.gov.au/lz/c/a/residential%20tenancies%20act%201995.aspx).
2. Information regarding the Fair Trading Act 1987 can be found on [Australia's legislation website](https://www.legislation.gov.au/Details/C2021C00313).

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