In NSW, how long does a landlord have to lodge a rental bond with NSW Fair Trading after receiving it from the tenant?
Correct Answer
D) 10 working days
Under the Residential Tenancies Act 2010 (NSW), a landlord who receives a rental bond must deposit it with NSW Fair Trading within 10 working days of receiving it. Many bonds are now paid directly through Rental Bonds Online, which removes the handling step altogether.
Why This Is the Correct Answer
The Residential Tenancies Act 2010 (NSW) requires a landlord who receives a bond to deposit it with NSW Fair Trading within 10 working days of receipt. The clock runs from receipt of the money, not from signing of the agreement, and weekends and public holidays are not counted.
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