Paying Tenancy Bond By Installments

When a tenant signs a tenancy agreement they are required to pay a security deposit – this is called a Bond. The tenant bond is held by a third party and can be used at the end of the tenancy to pay repair costs or cover unpaid rent and of course can be paid back to the tenant if there are no claims against it. Some landlords require up to one months bond, so paying the bond by installment is helpful.

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