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Hi, as far as I'm aware, the agent cannot hold the bond. It has to be lodged with the appropriate tenancy board. In your case, the changeover of tenant comes with the sale as the property is sold as an ongoing concern with a tenant in place. When the lease expires, you can then 'insist'...

Hi, did you check if the 'bond' is held by the previous owner? If so, you need to get him to pay your outgoing tenant. In SA, the Tenancy Board holds the bond. I'm allowed to charge a tenant only one month's rent as bond. However, with a changeover of tenant, I insisted on 2 months' bond...