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Where must a residential tenancy bond be lodged in South Australia?

Correct Answer

B) With Consumer and Business Services

Under the Residential Tenancies Act 1995, all tenancy bonds must be lodged with Consumer and Business Services (CBS) within the prescribed timeframe after receipt.

Answer Options
A
In the landlord's personal bank account
B
With Consumer and Business Services
C
In the agent's trust account indefinitely
D
With the SA Tenants' Association

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Related Topics & Key Terms

Key Terms:

bond lodgementConsumer and Business Servicesbond custody
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