A property manager discovers that bond money was incorrectly lodged with the rental bond authority 3 months ago - $200 less than the actual bond paid by the tenant. What is the most appropriate course of action?
Correct Answer
B) Lodge the missing $200 now and tell the landlord and tenant about the correction.
Bond discrepancies must be corrected immediately to ensure accurate records with the rental bond authority. The additional amount should be lodged promptly with proper documentation, and all parties should be notified to maintain transparency and legal compliance.
Why This Is the Correct Answer
The full bond must be lodged with the bond authority. When an under-lodgement is found, the agent should lodge the shortfall at once, correct the trust records and tell both parties what happened.
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