Date Time
Lowdown on bond top-ups
As rents rise across Western Australia, many tenants may discover that in addition to paying more weekly rent, there is a further expense being asked of them.
When rent is increased at a property, a landlord or property manager may request the tenant pay extra money to ‘top-up’ their security bond.
How much a tenant is asked to pay will depend on how much their weekly rent has increased by. For a property rented at $1,200 a week or less, the maximum total security bond that can be charged is the equivalent of four weeks’ rent, while for weekly rents above $1,200 there is no limit on the total bond that can be charged.