Understanding Rent, Bond & Holding Deposits in WA

Renting a home in Western Australia involves several important financial commitments, which include rent, bond, and holding deposits. Understanding how these elements work can empower you as a tenant by helping you navigate the rental process efficiently. This guide provides crucial insights into each component and your rights as a tenant in WA.

Rent in Western Australia

In Western Australia, rent is typically paid weekly or fortnightly. Tenants and landlords need to agree on the payment schedule and method specified in the lease agreement. It's essential to maintain timely payment of rent to avoid breaching the agreement. If a rent increase is proposed, the landlord must comply with the Residential Tenancies Act 1987, ensuring reasonable notice is given and any increase is justified based on market averages.

Security Bond

A security bond acts as a financial safeguard for the landlord, covering potential damage or unpaid rent. In WA, the maximum bond is usually four weeks' rent. This amount is held by the Bond Administrator, and you should receive a receipt upon payment. At the end of your tenancy, provided you meet all obligations, the bond should be refunded promptly. For disputes, you may approach the Department of Mines, Industry Regulation and Safety.

Form 1: Lodgement of Security Bond

This form is used to submit the security bond to the Bond Administrator, ensuring the funds are correctly managed until the tenancy ends. Tenants should ensure both parties sign this form at the outset of the lease.

Holding Deposits

In some cases, prospective tenants may pay a holding deposit to secure a rental property. This amount is an assurance for the landlord that you intend to sign the lease. If you proceed with the tenancy, the holding deposit is typically credited towards your first rent payment or bond.

Form 2: Application for Assistance

This form can assist if disputes arise about holding deposits. It is available from the Department of Mines, Industry Regulation and Safety and provides a framework to resolve disagreements with your landlord.

FAQ Section

1. What steps should I take if my landlord wants to increase the rent? Respond in writing and verify if the notice follows WA guidelines. You can dispute unfair increases through the Department of Mines, Industry Regulation and Safety.
2. How do I get my bond back after the lease ends? Ensure the property is in its original condition and any outstanding rent is paid. Both parties must sign the bond release form to initiate a refund.
3. Can my landlord keep my holding deposit? Your landlord should only keep the holding deposit if you choose not to proceed with the lease without just cause.

How To Section

1. How to challenge a rent increase in Western Australia
   1. Step 1: Review the notice Check if your landlord followed the state’s rules for notifying you of a rent increase.
   2. Step 2: Respond in writing Write to your landlord if you want to negotiate or dispute the increase.
   3. Step 3: Contact the Department of Mines, Industry Regulation and Safety Reach out for advice and assistance if negotiations fail.
   4. Step 4: Lodge a formal dispute Use the official form available on their website to initiate a dispute process.

Summary of Key Takeaways

• Understand your lease agreement clearly, especially about rent and increase policies.
• Keep accurate records of all transactions, including rent, bond, and deposits.
• Utilize the resources provided by the Department of Mines, Industry Regulation and Safety for disputes or further assistance.

Need Help? Resources for Renters

For further assistance and support, consider reaching out to the following:

• Department of Mines, Industry Regulation and Safety - Provides support and dispute resolution services.
• Tenancy WA - Offers legal advice for tenants needing guidance on rental issues.
• Legal Aid WA - Provides free legal advice, referrals, and advocacy services for eligible tenants.

---

1. Footnotes:
2. 1. Residential Tenancies Act 1987, Western Australian Legislation, Read More
3. 2. Fair Trading Act 1987 (Cth), Australian Government Legislation, Read More
4. 3. Department of Mines, Industry Regulation and Safety, Visit Site

Categories

General Tenant Rights & Protections Tenancy Agreements & Renewals Rent, Bond & Holding Deposits Moving In & Condition Reports Ending a Tenancy & Moving Out Repairs, Maintenance & Urgent Issues Minimum Standards & Habitability Evictions & Breach Notices Co-Tenancies, Subletting & Shared Housing Discrimination & Equal Housing Access Disability Access & Reasonable Adjustments Utilities, Water & Internet Billing Public, Community & Social Housing Rent Increases & Rent Controls Privacy & Landlord Entry Rules Locks, Keys & Security Obligations Resolving Disputes & Tribunal Processes Harassment, Threats & Landlord Misconduct Boarding Houses, Rooming Houses & Lodgers Caravan Parks & Residential Parks Bond Refunds & Claims Notice Periods & Tenancy Termination Entry Condition Breaches & Compensation Tenant Advocacy & Legal Aid