Posted on 14 September 2011. Tags: Bond Assist, Bond Insurance, Tenant Bonds
Under the Residential Tenancies Act 1986 a tenant bond is law and must be paid by the tenant to the landlord, and the landlord must lodge the bond with the Department of Building and Housing. The bond is held and is insurance for the landlord if the tenant damages the property or fails to pay the rent. The money is paid back to the tenant at the end of the rental agreement.
Read the full article here: Do I Need A Tenant Bond
About BondAssist
BondAssist is a 3 year financial guarantee providing landlords with 5 weeks bond protection in the event of an approved tenant breaching the terms of a signed residential tenancy agreement. BondAssist is issued by Southsure Assurance Limited and distributed by NZ Guarantee Limited. NZ Guarantee believes the information in this publication is correct, and that it has reasonable grounds for any opinion or recommendation found within this publication on the date of this publication. However, no liability is accepted for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this publication. The information contained in this publication is general in nature. This publication is for the use of persons in New Zealand only. Copywrite in this publication is owned by NZ Guarantee Limited. You must not reproduce or distribute content from this publication to any part of it without prior permission. Visit -
www.bondassist.co.nz/
