Get Nz Tenancy Services Bond Refund Form 2014

What Is a Refunded Bond? Refunded bonds, which are a subset of the municipal and corporate bond classes, are bonds that have their principal cash amount already held aside by the original issuer of the debt.

Refunds will be processed within 5 working days when a fully completed form is received. If there's unpaid rent or other outstanding costs, the tenant and landlord may agree to split the bond. Part of the bond is refunded to the landlord to cover their costs and the rest is refunded to the tenant.

Either party is given a maximum of two weeks to respond to a bond refund form. All landlords must lodge their bonds within two weeks of receiving the monies.

Once the bond is lodged, the tenant and landlord will receive an acknowledgement. This will include the bond number. The same people who sign the bond lodgement form need to sign the bond refund form when the tenancy ends.

Landlords can also increase the bond When a landlord increases the rent, they can ask the tenant to pay extra bond money. This must be based on the number of weeks' bond charged in the tenancy agreement. Landlords should request the extra bond payment at the time that they issue the rent increase notice.

A bond is money that you, the tenant, pay to the landlord as security for any unpaid rent or any damage you cause that has to be fixed when the tenancy ends. In those cases the landlord will be able to take the rent or repair costs out of the bond.

This depends on whether there's any disagreement between you and the landlord about whether you should get all the bond money back: If you and the landlord agree, either of you can apply to have the bond refunded.

A bond can be up to the equivalent of 4 weeks' rent. Other forms of security are not allowed, but a landlord may ask for a guarantor's agreement.