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A rental bond is money paid by the tenant in case they breach the tenancy agreement. It is not compulsory for a rental bond to be taken. If one is paid, it must be lodged with the RTA within 10 days of receipt by the lessor/agent with a completed bond lodgement (form 2).
No more than four weeks rent (two weeks for moveable dwellings) can be charged as a rental bond, if the weekly rent is $700 or less. There is no limit if the weekly rent exceeds $700. Where rent is subsidised by an employer, the maximum bond is the greater of $400 or the equivalent of two weeks (moveable dwellings) or four weeks rent (general dwellings). Lessors/agents cannot charge a rental bond fee to cover the costs of complying with the Residential Tenancies and Rooming Accommodation Act 2008.
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© The State of Queensland Residential Tenancies Authority 2009
