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    Owner took out the bond prior to settlement without letting us know

    Its very abnormal, even my solicitor and property agent said they never seen anything like this happen before. I suppose I'm just bad luck to deal with a dodgy seller and solicitor.:(
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    Owner took out the bond prior to settlement without letting us know

    Hi guys thanks for all the feedback above. I'm now looking to lodging a formal complain against the seller's solicitor for misleading information in our communications and also any other government body I can contact to sue the seller breaching the Sale of Contract? I understand the bond...
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    Owner took out the bond prior to settlement without letting us know

    But I only been notify after i purchase the insurance and the owner has privately settled this matter with the tenant (by finalizing the bond prior to contract settlement). and the tenants did pay me rent when i first took over, they started to short pay after 1 month....
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    Owner took out the bond prior to settlement without letting us know

    Appreciated Thanks for the advise Pete, yes I found it and it clearly stated that there are bonds held, now I can use this clause to go against the owner to recover the lost. thank you so much :)
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    Owner took out the bond prior to settlement without letting us know

    Good advise Hi Pete, That's a very good advise, I'm jumping onto my contract right now to find the clause. thanks heaps!
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    Owner took out the bond prior to settlement without letting us know

    Good Solicitor Well so far my solicitor haven't disclose if this is going to cost me anything, but generally he is very nice, me and my brother all up bought about 10 IPs and we used him every time, I've also referred friends to him before. last time I was so close in closing the deal...
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    Owner took out the bond prior to settlement without letting us know

    Yea generally I would do that but the previous owner took the bonds prior to my settlement....so there are no bond held at all........
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    Owner took out the bond prior to settlement without letting us know

    yea the problem with them is my agent has been trying to contact them to notify them to evict, however, every time the agent went there its only the daughter answer the door and never receive any yes or no to the eviction notice, my solicitor tell me that this might be a bit tough because the...
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    Owner took out the bond prior to settlement without letting us know

    luckily I've got landlord insurance but it only cover me up to 10 weeks rent. I haven't formally notify my insurance company because I don't want to affect my premiums in the future as I'll need to disclose I've made claims for the last 2 years and this is not my only IP, it will have a...
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    Owner took out the bond prior to settlement without letting us know

    apparently the tenants owe me about $1.5k worth of rent, I was going to take the bond to recover the lose but than it open up all these can of worms..... Further to that my agent is having difficulties to evict the tenants as the mother is always not at home and does not answer the phone or...
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    Owner took out the bond prior to settlement without letting us know

    yea what happened was the previous owner took whatever the tenants owe him and he give the rest back to the tenant.......
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    Owner took out the bond prior to settlement without letting us know

    Thanks for all the feedback guys, at the moment the previous owner's solicitor has been denying they have done anything wrong because the tenant were short paying the previous owner and the owner has the right to take the bond. However, 6 days before settlement we have ask their solicitor if...
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    Owner took out the bond prior to settlement without letting us know

    I've called RTA regarding this issue, apparently it is not compulsory to hold bonds within a tenancy agreement as long as both party (landlord & tenant) agree to have the bond released. However, from what I can understand, the Bond should belongs to the new landlord that is taking over the...
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    Owner took out the bond prior to settlement without letting us know

    Yea I've got a solicitor and now he is dealing it with the owner's solicitor and demanding for the bond money to be returned otherwise we will be reporting this to the police as a matter of theft. will see how it goes.
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    Owner took out the bond prior to settlement without letting us know

    Hi guys, I wish I can get some advise from the experts or people that have dealt with similar situations and what are the options for me. Basically what happened was I recently bought an investment property in QLD and there were existing tenants in place, everything was good and normal...
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