6 Common Mistakes made by Tenants to Lose Bond Money

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One of the most heated topics between a landlord and tenant is getting a refund on the bond. Tenants tend to misunderstand that they can get a full rebate on their bond upon vacating the premises. This has become one of the most stressful situations for a tenant planning to move out.

You may have a good reason to be stressed out… Why? Based on actual surveys, it is known that only half of tenants receive a refund on their bond.

Data from the latest Rental Bond Board Annual Report reveals that in the past 2 years, one out of ten tenants did not receive any refund on their bond, while only 35% of them received a small portion of their bond back. This is due to small issues you might have overlooked.

Here are 6 common mistakes made by tenant that cost them their bond.

1. Wall and door damage and marks– take ample amount of time inspecting, cleaning and caring for spots and damages on your walls, doors and blinds. As a cautionary measure, tenants should take photos of entry and exit condition of these areas to avoid issues that may be raised by your lessor.

2. Pet related stains– having pets in a home is a huge responsibility for tenants. They should be aware of any gunk or stain left by their pets. Damages caused by your pets are also taken in consideration by your landlord when assessing the rental property before your exit which is a main factor when computing your bond.

It is best to invest in a good quality vacuum to keep your property clean from dirt, pet fur and mess. You can also buy your pet nail caps to avoid door and wall scratches made by your pets.

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3. Deserted fans and filters– unseen parts of the property can get really dirty especially during the long tenancy months.

A good example of this are your fans and filters. Tenants tend to overlook the cleanliness of their exhaust fans that are prone to accumulate lint and dust. Kitchen fans tend to attract oil and grease thus leaving dirt to linger in these places. Always maintain the cleanliness of your fans and filters to avoid being billed for it.

4. Maintain cleanliness of your oven and dishwasher– dishwashers and ovens requires constant cleaning. Property managers and landlords tend to inspect these parts of the property and they have the right to do so. Most tenants tend to neglect cleaning these areas since they rarely notice the dirt within the internal trims of these appliances.

5. Mould– in a rental property you should look out for mould build-ups. This should be tackled sooner rather than later since it is harder to clean. Mould usually occurs when a home is poorly ventilated, presence of excess moisture and no direct sunlight.. Tenants should thoroughly scrub areas that are prone to moisture and are drenched repeatedly to remove the bacteria.

6. Outdoor maintenance and incomplete gardening– it is important to maintain your property on the inside as well as on the outside. If your property has a yard or a pool you may have some work ahead of you. Some leases make tenants responsible for maintaining their backyard, others might include a gardener or maintenance person in the lease. Make sure you are aware of this to know where you stand when claiming your bond.
For more information about claiming your rental bonds, visit this page on the www.chan-naylor.com.au website or contact your nearest Chan & Naylor accountant to discuss your circumstances in relation to this matter.

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Ed Chan– Founder & Non-Executive Chairman Chan & Naylor Accountants

Disclaimer: This article contains general information; before you make any financial or investment decision you should seek professional advice to take into account your individual objectives, financial situation and individual needs. Click for more detail regarding this disclaimer.

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