Westwood Conveyancing

Rental Bonds - NSW Fair Trading introduce new rules

From 30 January 2017, changes to the Residential Tenancies Act 2010 make it mandatory for property agents and private landlords to invite tenants to lodge their rental bonds using Rental Bonds Online (RBO).

RBO is the easy and secure service Fair Trading provides to help tenants, agents and private landlords manage bonds online in minutes, at any time, without having to post lodgement forms.

If you manage a rental property, make sure you are registered for RBO by 30 January.

From that date you will need to offer RBO to new tenants as the first option for lodgement of their bond. More information about these changes is available on our Rental Bonds Online (RBO) changes to residential tenancy laws webpage.

Find out more about RBO by visiting the Rental Bonds Online section of our website, including information on the benefits of this service and how to register.

Source : http://fairtrading.nsw.gov.au/ftw/About_us/Online_services/Rental_bonds_online.page

Donna Westwood
Licensed Conveyancer, JP
(Licence No. 1555562)

Tel:	(02) 9940 4006
Fax:	(02) 9940 3398
Mob:	0429 912 649

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DISCLAIMER The information contained in this newsletter is general information only and is based on our interpretation of various topics. It has not been prepared taking into account your specific situation, objectives or needs. You should consider how the information is in anyway appropriate to your own situation before making any decision. You should also seek independent advice from the appropriate professional to assist you with any decision.