A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
Landlords and tenants need to complete and submit a bond refund form at the end of the tenancy. The New Zealand Bond Refund Form is used for tenants and landlords to request the return of a bond after a tenancy ends.Claim Forms Nontorts. Top tips for ending a tenancy: Bring a bond refund form to the final inspection. Tenants should not sign a blank form. Providing this letter and permitting its use does not amount to legal advice and is not an adequate substitute for legal advice. I've got an answer from tenancy services. The landlord refused to sign the bond refund form with them as well so we might go to a dispute (for 800 bucks) Tenancy Services will be unable to release the bond until all tenants have signed the form and indicated how much each tenant is to receive. Fill out this form to request a bond refund. 2.