Home News How Melbourne renters can claim their bond back

How Melbourne renters can claim their bond back

Font size :

When it comes to bonds, many landlords are attempting to claim more than what is deemed to be fair, while tenants are simply choosing to surrender their bond in the hopes of avoiding confrontation.

But that should not be the case. In order to help you navigate your bond claim, Tenant Union of Victoria spokesperson Yaelle Caspi advises tenants to make an application to the Victoria Civil and Administrative Tribunal (VCAT) to speed up the process of getting the bond back if the landlord does not make a claim within 10 business days after tenancy ends. In the event that the landlord wants to claim the bond and the tenant does not agree, the former has 10 business days to lodge an application with the tribunal.

Limits should also be set for landlords who are unrealistic and will claim bond money for “fair wear and tear.” Both parties should negotiate on the amount based on depreciation and the proportion of the item that is damaged.

According to Jellis Craig’s Sam Nokes, it is also important to make sure that your removalist is fully insured so that the tenant would not be fully responsible for whatever damage they may cause.

If any repairs are needed, landlords should provide a reasonably priced quote or receipt for a claim. The tenant has the right to engage a tradesman to reinstate the property’s condition. Tenants also have the right to dispute claims at the VCAT.

In the end, Nokes said that prevention is still better than cure. At the beginning of a lease, tenants should make sure that they have thoroughly filled out the condition report and sent it to the agent within three business days. They should also ensure that their agent conducts the inspection within two business days from the end of their tenancy.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

Why choosing the right mortgage is hard for first-home buyers Why choosing the right mortgage is hard for first-home buyers

Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

To break monopoly, many smaller lenders could become banks To break monopoly, many smaller lenders could become banks The proposed change could break the Big Four’s monopoly over the mortgage market and help families get cheaper home loan rates ... Read more

Borrowing against the home: A strategy to pay for aged care Borrowing against the home: A strategy to pay for aged care Such debts can generally be divided into long-term and short-term loans ... Read more

More mortgage news and articles

Sponsored Links

Monday, Jul 24, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords