Posted on 16 September 2011. Tags: Bond Assist, Bond Insurance, Tenant Bonds
A Tenancy Bond is required to be paid by tenants when renting a property, the bond is a kind of insurance for the landlord against damage and rental income losses. The bond money is held independently by the Department of Building and Housing which holds the money in trust and both parties must follow protocols for the payment and withdrawal of the bond.
Read the full article here: Paying Tenancy Bond – Some Options
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/
