All Topics / General Property / Bond Retrieval from Trib.

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  • Profile photo of HaycoHayco
    Member
    @hayco
    Join Date: 2004
    Post Count: 2
    March 2, 2004 - 8:13 am

    Hi
    Im a new user. please be gentle.

    Q: What are the rules associated with getting your bond back from tribunal when tenants leave
    a rental property without notice & stop paying rent?

    Where can i find out?

    Hay

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    March 2, 2004 - 8:14 am

    Call the Department of Fair Trading or your state’s equivalent.

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    March 2, 2004 - 8:48 am

    Hay, are you managing yourself or an agent?

    I’ve been told that it’s a simple matter of contacting the Bond people. They will send a letter to the ‘last address’ of the tenants – which probably will be the IP if they have done a runner. They have 4 weeks or so to contest not getting their bond. If they don’t answer, it’s released to you!

    However, if they’ve done a runner, I’d also check out your rights about entering the property etc. You don’t want to do the wrong thing…

    Cheers
    Mel

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