How is the bond refunded?
The Bond Refund form should be signed by both parties, after they have inspected the property, and sent to Tenancy Services Centre. If there is some damage or other claim that the tenant agrees to have taken out of the bond, the landlord’s cost of repairs or other claim will be paid from the bond and the tenant will be paid the balance. If the parties cannot agree on how the bond should be paid out, the landlord should make an application to the Tenancy Tribunal for the amount claimed to be deducted from the bond, and a mediator is then assigned to help the parties work it out. The foregoing summary is provided for information purposes only and is not to be considered legal or business advice. The information may not be complete, accurate or applicable for any particular situation and should not be relied upon.
