Understanding Rent, Bond & Holding Deposits in WA

Renting a property in Western Australia involves understanding key elements like rent, bonds, and holding deposits. As a renter, it's crucial to know your rights and obligations, ensuring a smooth tenancy experience. This guide will provide insight into these elements, helping you stay informed and empowered.

Understanding Rent Payment

In Western Australia, rent is typically paid weekly or fortnightly, but monthly payments can also be arranged. It is essential to understand the terms of your lease to avoid any misunderstandings. The Residential Tenancies Act 1987 (WA) outlines specific regulations regarding rent increases, late payments, and tenant rights.

Rent Increases

Rent increase notices must be given in writing at least 60 days in advance. The notice should include the new rental amount and the date it becomes effective. Rent increases are generally restricted to intervals of 6 months or more. If you feel a rent increase is excessive, you can apply to the Western Australian Consumer Protection for a review.

Bonds and Holding Deposits

A bond, often equivalent to four weeks' rent, acts as a security deposit for the landlord against any potential breach of the rental agreement. In Western Australia, the bond must be lodged with the Bond Administrator within 14 days of receipt.

Handling Holding Deposits

A holding deposit may be requested to secure a rental property before signing the lease. It should never exceed one week's rent and is refundable if certain conditions are met. Ensure you get a receipt and clear terms regarding its refund.

Lodging a Bond Claim

Upon ending your tenancy, you can claim your bond back using the Form 6 - Application for Disposal of Security Bond. This form can be used if all parties are in agreement. Make sure to document the property's condition at the beginning and end of the tenancy for a smooth claim process.

Need Help? Resources for Renters

If you need assistance or wish to dispute any rental matters, you can reach out to the State Administrative Tribunal (SAT) for advice and resolution of tenancy disputes in Western Australia. Additionally, community legal centres can offer help and guidance.

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1. What is a holding deposit? A holding deposit is a sum paid to secure a rental property before signing the lease. It's usually equivalent to one week's rent.
2. Can my landlord increase the rent anytime? No, rent increases in Western Australia are limited to once every six months, with at least 60 days written notice.
3. How do I claim back my bond? Use the Form 6 - Application for Disposal of Security Bond from the government site and ensure both parties agree on property condition and payment details.

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