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Dodgy landlord pockets bond

Dodgy landlord pockets bond

by Cameron Micallef | December 10, 2019 | 1 minute read

A landlord has been fined over $5,000 for refusing to lodge a tenant’s bond.

Dodgy landlord pockets bond
December 10, 2019

According to Joondalup Magistrates Court, the landlord was fined $4,000 and was ordered to pay back the $1,400 bond to his tenant.

Commissioner for Consumer Protection David Hillyard said, as the bond wasn’t lodged, the tenant had no security over the funds.

“A bond remains the tenant’s money until the landlord makes a claim on it due to unpaid rent or damage to the property. It is not money that should be retained by the landlord to be returned at their discretion,” Mr Hillyard said.

Ive Cvitan of Darch entered into a rental agreement with the tenant in May 2017 when the $1,400 bond was paid and a receipt was issued. However, Mr Cvitan did not provide the tenant with the completed agreement nor give them a property condition report.

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When the tenant moved out, she did not receive her bond back and claimed that Mr Cvitan was avoiding paying her back.

Mr Hillyard has warned others to ensure they lodge a tenant’s bond within 14 days. 

“Private landlords, as well as real estate agents and property managers, need to comply with the law and transfer bond payments to the bond administrator as soon as practicable and certainly within 14 days. There are serious consequences for those who don’t comply,” he said.

About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

Dodgy landlord pockets bond
Dodgy landlord pockets bond
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