VIC: Residential Tenancies Act Section 34 Not more than 1 bond is payable in respect of continuous o

Not more than 1 bond is payable in respect of continuous occupation (1) A person must not demand or accept a bond for a subsequent residential rental agreement under which a renter continues in occupation of rented premises if that renter—

(a) has paid a bond for the initial residential rental agreement under which the amount of rent payable for one week does not exceed the amount prescribed for the purposes of section 31; and

(b) continues in occupation of those premises under the subsequent residential rental agreement.

Penalty: 60 penalty units.

(2) An additional bond may be paid in the prescribed manner. (3) This section does not apply to—

(a) a residential rental agreement for a fixed term of more than 5 years in the form referred to in section 26(1A)(b); or

(b) an additional bond payable in respect of a renter's obligation to restore any modification the renter has made to the rented premises under section 64.