By Erin Delahunty - Realestate.com.au
If you’re looking to a rent a property, you’re almost certain to have to a pay a bond. It’s a big chunk of upfront cash, so what is it for?
Your rental bond, generally worked out at four times your weekly rent, can be thought of as a security deposit. It gives your landlord some financial security if you skip out without paying the rent or damage the property in any way.
If there are no problems with the tenancy, you can expect to get your bond back when you move out.
Things you need to know about your rental bond
So, what do you need to know? Lachlan Walker, director of Place Advisory and Place Projects in Brisbane, explains the ins and outs.