News in brief: Bonds

Dec 2016

RTA does not hold bonds for manufactured homes.

The RTA cannot accept rental bonds for manufactured homes as site agreements for manufactured homes are covered under the Manufactured Homes (Residential Parks) Act 2003. The RTA receives, holds and refunds rental bonds under the Residential Tenancies and Rooming Accommodation Act 2008.

Also, the RTA is not able to distinguish between rental bonds and other types of bonds and does not have legislative authority to accept bonds that are not rental bonds.