FAQs: Rent, Bond & Holding Deposits in Tasmania

As a tenant in Tasmania, understanding the intricacies of rent, bond, and holding deposits is crucial for a smooth rental experience. Whether it's knowing how much bond you should pay, understanding your rights if rent increases, or how to handle holding deposits, this guide will provide clarity and empower you as a renter.

Understanding Rent Payments

Rent in Tasmania must be paid in advance and as agreed in your tenancy agreement. Landlords can increase rent, but they must adhere to specific rules under the Residential Tenancy Act 1997, including providing at least 60 days written notice.

When Can Rent Be Increased?

A rent increase can occur once every 12 months and only if you are on a periodic lease. The landlord must provide valid reasons for the increase. Tenants can challenge excessive increases through the Tasmanian Civil and Administrative Tribunal (TASCAT).

Bond Payments

The bond, a security deposit, is usually the equivalent of four weeks' rent. It must be lodged with the Rental Deposit Authority (RDA) and returned at the end of your tenancy, given there are no disputes or damages.

Understanding Bond Forms

Upon paying a bond, ensure you fill out the Bond Lodgement Form correctly, available from the Consumer, Building, and Occupational Services.

Holding Deposits Explained

Before committing to a tenancy, you might be asked to pay a holding deposit. This secures the property for you until the lease is signed. However, if you decide not to rent the property, this deposit may not be refundable.

Key Considerations for Holding Deposits

Always get a receipt for any holding deposit paid and understand the terms of refundability before proceeding.

1. What are my rights if the landlord wants to increase the rent? You have the right to receive at least 60 days written notice for any rent increase. You can challenge the increase at TASCAT if it seems unreasonable.
2. How do I ensure my bond money is protected? Your bond should be lodged with the RDA. Always use the Bond Lodgement Form provided by the Consumer, Building, and Occupational Services.
3. Can I get my holding deposit back? Whether you can get your holding deposit back depends on the terms agreed before payment. Clarify these terms in writing to avoid disputes.

1. How to challenge a rent increase in Tasmania
   1. Step 1: Review the notice to ensure it complies with state laws.
   2. Step 2: Respond in writing to your landlord if you wish to contest the increase.
   3. Step 3: Lodge a dispute with TASCAT if an agreement cannot be reached.

Key Takeaways:

• Rent can only be increased once per year with proper notice.
• Your bond must be lodged correctly to ensure protection.
• Clarify terms around holding deposits to safeguard your interests.

Need Help? Resources for Renters

• Consumer, Building, and Occupational Services
• Tasmanian Civil and Administrative Tribunal (TASCAT)
• Legal Aid Tasmania

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[1] Residential Tenancy Act 1997. Available at Tasmanian legislation.

[2] Fair Trading Act 1987 (Cth). Available at Australian Government legislation.

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