A rental bond or security deposit may, if the landlord and tenant agree, be paid by instalments.
Tips
- Discuss this between landlord and tenant.
State or Territory Requirements
In some states instalments needs to be paid to the government even before the total sum is paid.
NSW, WA, QLD
Security bonds can be paid in instalments.
NT, VIC, TAS, ACT
Not defined in the legislation
SA
Landlords can lodge the bond in instalments.
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These legal guides provide a brief summary and introduction of the laws and regulations affecting renting. They do not cover all cases and might not apply to your specific rental property situation. It is important that you use this information as a guide only and seek independent Legal Advice or consult the Relevant Legislation. Snug does not accept any liability that may arise from the use of this information.