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The maximum Rental Bond that can be charged in South Australia is the equivalent of 4 weeks rent if the rent is $800 or less per week. The Rental Bond must be lodged with Consumer and Business Services (CBS). This guide covers landlords (or head-tenants) and tenants (or sub-tenants) in a Residential Tenancy.
A rental bond is a security deposit paid at the start of the tenancy. If the property manager/owner takes a bond, they must give the tenant a receipt and lodge it with the RTA within 10 days. It is an offence not to do so. A rental bond is lodged with the RTA Web Services, or by post, using a Bond lodgement (Form 2).
A rental bond is the security deposit you pay to your new landlord before you move in. The bond amount is usually equal to four weeks of rent. To get your bond back, you'll need to: pay your rent on time.
Fair wear and tear (FWT) means the normal deterioration or ageing of the premises or inclusions which occurs over the course of the tenancy because of ordinary use of the premises by the tenant.
Not lodging the tenant's bond with the Residential Tenancies Authority (RTA) within ten days: $5046 maximum fine (40 penalty units) Not providing a written tenancy agreement: $2523 maximum fine (20 penalty units) Entering the property without giving tenants proper notice: $2523 maximum fine (20 penalty units)