Understanding Rent, Bond & Holding Deposits in Tasmania

Being informed about your rights and responsibilities is crucial when renting a property in Tasmania. Topics like rent, bond, and holding deposits frequently come up, and understanding these can help you navigate your rental experience more smoothly.

Understanding Rent in Tasmania

Rent in Tasmania is a key topic for tenants. It's important to know how rent increases work and what rights you have as a tenant. According to the Residential Tenancy Act 1997, landlords must provide proper notice before increasing rent.

How Rent Increases Work

In Tasmania, landlords can increase rent once every 12 months, and they must provide at least 60 days' notice in writing. If the increase seems unreasonable, tenants can apply to the Residential Tenancy Commissioner for review.

Bond in Tasmania

A rental bond is a security deposit paid at the start of a tenancy. In Tasmania, the maximum bond is the equivalent of four weeks' rent. This bond must be lodged with the Rental Deposit Authority (RDA).

Returning the Bond

At the end of your lease, the bond should be returned unless there are claims for damages or unpaid rent. Tenants and landlords can use the Bond Claim Form to claim the bond. The RDA will mediate any disputes over claims.

Holding Deposits Explained

Holding deposits are often used to secure a property before entering into a tenancy agreement. It's a good faith payment to ensure the property will not be rented to someone else before the lease is signed.

Note: Holding deposits in Tasmania cannot exceed the equivalent of one week's rent and must be refunded if a tenancy agreement is not entered into.

For more guidance on handling holding deposits, refer to the Consumer, Building and Occupational Services (CBOS).

Need Help? Resources for Renters

• Consumer, Building and Occupational Services (CBOS) - Guidance on renting
• Legal Aid Tasmania - Free legal advice
• Tasmania Civil and Administrative Tribunal (TASCAT) - Dispute resolution

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1. What is the maximum bond I can be charged?The maximum bond is four weeks' rent.
2. How often can rent be increased?Rent can be increased once every 12 months with 60 days' notice.
3. What if my bond is not returned?You can apply to the Residential Tenancy Commissioner for resolution if your bond is not returned.

1. How to handle a rent increase notice in Tasmania
   1. Review the notice to ensure it complies with regulations. The landlord must provide at least 60 days' notice.
   2. If you disagree with the increase, you may seek a review from the Residential Tenancy Commissioner.
2. How to claim your bond back in Tasmania
   1. Complete the Bond Claim Form after the lease ends.
   2. If there are disputes, contact the Consumer, Building and Occupational Services for mediation.

Remember:

• Tenants have rights regarding rent increases and bond returns.
• Familiarize yourself with the Residential Tenancy Act 1997 for comprehensive legal guidelines.

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¹ Residential Tenancy Act 1997
² Consumer, Building and Occupational Services

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