sec.111Meaning of rental bond

### sec.111 Meaning of rental bond A rental bond is an amount— for a residential tenancy agreement— paid by or for the tenant under the agreement; and intended to be available for the financial protection of the lessor against the tenant breaching the agreement; or for a rooming accommodation agreement— paid by or for the resident under the agreement; and intended to be available for the financial protection of the provider against the resident breaching the agreement. However, a rental bond does not include rent paid in advance. In deciding whether an amount is a rental bond, it does not matter— when the amount is paid; or if the amount is paid directly to the authority; or to or by whom the amount is paid; or how the amount is described in the residential tenancy agreement or rooming accommodation agreement about the payment of the amount. A rental bond includes a part of a rental bond. s 111 amd 2021 No. 19 s 5 (sec.111-ssec.1) A rental bond is an amount— for a residential tenancy agreement— paid by or for the tenant under the agreement; and intended to be available for the financial protection of the lessor against the tenant breaching the agreement; or for a rooming accommodation agreement— paid by or for the resident under the agreement; and intended to be available for the financial protection of the provider against the resident breaching the agreement. (sec.111-ssec.2) However, a rental bond does not include rent paid in advance. (sec.111-ssec.3) In deciding whether an amount is a rental bond, it does not matter— when the amount is paid; or if the amount is paid directly to the authority; or to or by whom the amount is paid; or how the amount is described in the residential tenancy agreement or rooming accommodation agreement about the payment of the amount. (sec.111-ssec.4) A rental bond includes a part of a rental bond. - (a) for a residential tenancy agreement— (i) paid by or for the tenant under the agreement; and (ii) intended to be available for the financial protection of the lessor against the tenant breaching the agreement; or - (i) paid by or for the tenant under the agreement; and - (ii) intended to be available for the financial protection of the lessor against the tenant breaching the agreement; or - (b) for a rooming accommodation agreement— (i) paid by or for the resident under the agreement; and (ii) intended to be available for the financial protection of the provider against the resident breaching the agreement. - (i) paid by or for the resident under the agreement; and - (ii) intended to be available for the financial protection of the provider against the resident breaching the agreement. - (i) paid by or for the tenant under the agreement; and - (ii) intended to be available for the financial protection of the lessor against the tenant breaching the agreement; or - (i) paid by or for the resident under the agreement; and - (ii) intended to be available for the financial protection of the provider against the resident breaching the agreement. - (a) when the amount is paid; or - (b) if the amount is paid directly to the authority; or - (c) to or by whom the amount is paid; or - (d) how the amount is described in the residential tenancy agreement or rooming accommodation agreement about the payment of the amount.