A maximum amount equal to four weeks rent is to be paid by the tenant as Bond prior to the Tenant moving into the Property unless the rent is greater than $700 per week.
In this case, then an agreed amount can be requested to be paid over and above the four weeks rent as Bond.
The Bond is lodged with the Queensland Residential Tenancies Authority (RTA) and held there until the tenant vacates the premises. At vacate, GVG Living undertakes a thorough Agent Exit Property Inspection. A vacate condition report is then completed and when we are satisfied the tenant has returned the property as required and, all rent/invoices have been cleared in the Trust Account, the Bond monies held by the RTA are then distributed accordingly.