VIC: Residential Tenancies Act Section 206K What is the maximum bond?
- David Woolfall
- Jul 30, 2022
- 1 min read
What is the maximum bond?
(1) Subject to this Act, a person must not demand or accept in relation to a site agreement a bond the total of which exceeds—
(a) the amount of rent payable under the site agreement for one month, unless an order is in force under section 206M; or
(b) the maximum amount of the bond determined under an order in force under section 206M.
Penalty: 60 penalty units.
(2) Subsection (1) does not apply to a site agreement if the amount of rent payable under the site agreement for one week exceeds the prescribed amount.
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