In NSW, the maximum bond a landlord can charge is 4 weeks' rent. The bond must be paid in cash (not by post-dated cheque), and the landlord must only request it after the tenancy agreement is signed.
The bond must be lodged with NSW Fair Trading. Landlords can use the NSW Fair Trading Rental Bonds Online system, though tenants cannot be required to use it. The bond is held as security against unpaid rent or property damage, and must be returned at the end of the tenancy if the property is left in the agreed condition.
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