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.
How do I fill this out? Washington State or County Bond Claim Form.The tenant or owner can go to the RTBA website to access their unique Bond Claim Form to download. Please download our current Bond Claim Form below. Bonds complete some details and create a PDF online to print and sign; Download a blank PDF to fill out offline. In Victoria when your tenancy or residency ends, a Bond claim form will need to be filled out and submitted to the Residential Tenancies Bond Authority (RTBA). 1, Step 1: Please provide the address of the residential property and confirm if the bond relates to a residential parks (long-stay) tenancy agreement. If you experience any problem filling in the online form, download a blank form to complete. The bond will be repaid in accordance with the instruction provided in the repayment claim. In 2021 Victoria's renting laws changed.