Under the Residential Tenancies Act 1997 (Vic), what is the maximum bond a landlord can require for a residential property where the weekly rent is $900 or less?
Correct Answer
D) One month's rent
Under the Residential Tenancies Act 1997, for properties where the weekly rent is $900 or less, the maximum bond a landlord can require is one month's rent. All bonds must be lodged with the Residential Tenancies Bond Authority (RTBA).
Why This Is the Correct Answer
The Residential Tenancies Act 1997 (Vic) limits the bond to one month's rent where the weekly rent is at or below the threshold, unless VCAT orders otherwise. The bond must be lodged with the Residential Tenancies Bond Authority.
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