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In WA, where must a tenant's security bond be lodged?

Correct Answer

D) With the Bond Administrator at Consumer Protection

Under the Residential Tenancies Act 1987 (WA), security bonds must be lodged with the Bond Administrator, part of Consumer Protection, within 14 days of receipt. Landlords and property managers cannot keep the bond in their own accounts.

Answer Options
A
In the property manager's trust account, like sale deposits
B
With the local government authority
C
In the landlord's own bank account
D
With the Bond Administrator at Consumer Protection

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Related Topics & Key Terms

Key Terms:

Bond AdministratorDMIRS14 days
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