sec.155Rental bond resulting from rent decrease

### sec.155 Rental bond resulting from rent decrease This section applies if, in the first 6 months of the term of a residential tenancy agreement or rooming accommodation agreement, the rent payable under the agreement decreases or is decreased. The amount paid as rent in the 6 month period above the amount that would have been payable if the lower, or lowest, amount of rent payable in the period had applied for the full period is, subject to an order of a tribunal, taken to be a payment of a rental bond. If the lessor or provider disputes the amount being treated as a rental bond, the lessor or provider may, within 7 days after the end of the 6 month period, apply to a tribunal and the tribunal may make an order declaring the amount, or a part of the amount, is, or is not, a rental bond. If, because of subsection (2) , a rental bond above the maximum rental bond is paid, the authority must pay the amount to the tenant or resident on payment of the excess amount to it. s 155 amd 2021 No. 19 s 107 s ch 1 pt 1 (sec.155-ssec.1) This section applies if, in the first 6 months of the term of a residential tenancy agreement or rooming accommodation agreement, the rent payable under the agreement decreases or is decreased. (sec.155-ssec.2) The amount paid as rent in the 6 month period above the amount that would have been payable if the lower, or lowest, amount of rent payable in the period had applied for the full period is, subject to an order of a tribunal, taken to be a payment of a rental bond. (sec.155-ssec.3) If the lessor or provider disputes the amount being treated as a rental bond, the lessor or provider may, within 7 days after the end of the 6 month period, apply to a tribunal and the tribunal may make an order declaring the amount, or a part of the amount, is, or is not, a rental bond. (sec.155-ssec.4) If, because of subsection (2) , a rental bond above the maximum rental bond is paid, the authority must pay the amount to the tenant or resident on payment of the excess amount to it.