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Residential Tenancy Act 1997 (No. 82 of 1997)
|Requested: 1 Oct 2016|
|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.
Penalty: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.
Penalty:Fine not exceeding 50 penalty units.