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Residential Tenancy Act 1997 (No. 82 of 1997)
|Requested: 1 Nov 2014|
|Consolidated as at: 11 Jan 2005|
25. Security deposits
(1) [Section 25 Subsection (1) amended by No. 49 of 2003, s. 11, Applied:25 Aug 2004] Except in the case of boarding premises, an owner may require a prospective tenant to pay an amount as security for the performance of obligations under a residential tenancy agreement.
(2) On receipt of the security deposit from the tenant, the owner must give to the tenant a written notice stating
(a) the name of the tenant; and
(b) the amount deposited by the tenant as a security deposit; and
(c) the residential premises in respect of which it is paid; and
(d) the date on which the notice is given; and
(e) the name and address of the owner.
Fine not exceeding 10 penalty units.
(3) An owner must not
(a) require or receive more than one security deposit in relation to one residential tenancy agreement; or
(b) require an amount as security deposit that exceeds 4 weeks' rent payable under the residential tenancy agreement.
Fine not exceeding 50 penalty units.