In Melbourne, a rental bond is a security deposit paid by the tenant to the landlord at the beginning of the lease. The Residential Tenancies Bond Authority (RTBA) holds the bond, which is usually equal to four weeks’ rent. At the end of your lease period, the landlord inspects the property, and if there is any damage, the cost of repairs will be deducted from the bond. The bond is returned to the tenant once the property is returned in good condition. It is important to note that the bond is not the same as rent and cannot be used to pay rent. Watch the complete video to know more about bond and how to get it back. www.bondcleaninginmelbourne.com.au/what-is-bond-back-guarantee/

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