Before you can take possession of a property, many property managers and landlords ask for a down payment. We require 4 weeks’ rent and a bond equivalent to a calendar month’s rent to be paid before you can move in.
For example, if you’ll be paying your rent weekly and the rent is $350 per week then you’ll need to pay a bond of $1400. If you’re paying your rent monthly then the bond in this scenario would be the equivalent of a calendar month’s rent, which equates to $1,516.
Our office is unable to transfer Department of Housing Bonds because of restrictive legislation. If you’re relying on a bond transfer, please make our office aware prior to down payment so we can talk you through the process.