When you move into a new home, one thing is a must by your landlord – the rental bond. Basically, it is a security deposit that most landlords demand prior to handing over the keys of the house to the new tenants. It is a kind of insurance or compensation should any damages be caused during their stay. Likewise, once the tenants leave, they are given back their rental bond. However, if they leave the place in an untidy, tumble-down, and dilapidated condition then they have to face a reduction from their bond deposit.
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