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He mentioned in the original post that the bond transfer wasn't approved because his name wasn't on the lease. This might actually be a good thing because now the previous tenant will be liable to fix any problems which may have been caused by them.

Reading between the lines, it looks as if the rent has increased. A maximum of four weeks rent can be charged as bond. If you've agreed to the rent, you won't be able to object to bond which is four weeks rent or less. That can hurt cashflow- but at least it's money you will get back. Assuming...