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The deposit is the most regulated part of renting, and the part where otherwise sensible landlords make expensive mistakes. In most places it is the tenant's money held as security, not your income: it must be lodged with a bond authority or trust account within a set window, its maximum size is capped (often one month's rent or six weeks), and some jurisdictions even require you to pay the tenant interest on it. The lease that surrounds it carries its own rules — written, dated, covering rent, term, utilities, pets and notice. This guide maps the by-the-book path: what you may collect, where it must sit, and the condition-report system that makes returning it at the end a formality rather than a fight.
The landlord's guide to deposits (bonds) and leases — what you may collect, where the money must be held, and how to return it without a dispute.
That depends on your local rules — commonly capped at one month's rent or six weeks. Asking for more, or charging banned extras like key money or application fees, can mean fines and a tenant's right to reclaim the overpayment.
In most places it must be lodged with a government bond authority or a licensed trust account within a set time after the tenancy starts — not in your personal account. Some jurisdictions also require the interest to be paid to the tenant.
With the entry condition report: a dated, photographed record signed by the tenant before they move in. Deductions are only claimable for damage beyond fair wear and tear, proven against that baseline — and the return clock (often 7-14 days) means acting the day the tenancy ends.
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