What is the maximum bond amount that can be charged for a residential tenancy in NSW?
Correct Answer
D) 4 weeks rent
Under the Residential Tenancies Act 2010 (NSW), landlords can charge a maximum bond of 4 weeks rent for residential tenancies. This is the standard across most Australian states and provides security for landlords while remaining reasonable for tenants.
Why This Is the Correct Answer
The Residential Tenancies Act 2010 (NSW) caps a rental bond at 4 weeks' rent. A landlord may take less, but cannot require more, and the bond must then be lodged with NSW Fair Trading.
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