Either the property manager/owner or a tenant listed on the tenancy agreement can lodge a Change of bond contributors request. Once the request has been submitted, all bond contributors who are transferring some, or all, of their bond to another party will be notified. They have 14 days to respond to the request.
If they disagree with the request, or fail to respond in this time, the Change of bond contributors request will be cancelled.
If they agree to the request, all new and remaining contributors on the bond and the property manager/owner will receive an acknowledgement email. This email will list the updated bond contributors and their contribution amounts.