Change of lessor/agent - Bond??

Hi Guys,
Just looking through some processes to take over management of some properties.

Looking at the Transfer of Bond Form (Form 3) https://www.rta.qld.gov.au/Resources/Forms/Forms-for-general-tenancies/Transfer-of-bond-Form-3

It states that only applicable if the lessor remains the same. NOT APPLICABLE.

Looking at Change of lessor or lessors agent (form 5)
https://www.rta.qld.gov.au/Resource...cies/Change-of-lessor-agent-or-manager-Form-5

No mention of bond - NOT APPLICABLE.

Question: If the lessor changes, is the only way for the tenant to get the bond by completing the refund of bond form? Do bonds normally get refunded to tenants AFTER their tenancy period ends? This could lead to a situation where the tenant is required to pay bond to the new lessor before they get their old bond back yea? That would be inconvenient :(
 
Sorry it does say "This form should be completed (preferably in black ink) when the tenancy agreement has ended."

I suppose if changing lessors the tenant may have to fork out another bond before getting their old one back.

What is the general accepted period before Bond is paid to the new lessor? The bond must be lodged with the RTA within 10 days of recieving it however not really sure where it states when you should recieve it by?

Thanks guys
 
It's not the owner's problem that the tenant still has to wait for their bond money to be released from another property. If you're that tight, is renting an option?

No bond, no keys.
 
Hey Scott,
Tough stance, keep in mind the tenant already lives in the property so that have the keys already :cool:

This is for a change in lessor situation.
 
Sorry Slider, misread your intention as you were moving from one to another property not that the owner was changing.

Change of owner only necessitates the property manager/owner to notify OFT of change of ownership, no need for a second bond.
 
Thanks Scotty,
Ive discovered that the QLD RTA: Change of lessor, agent or manager/provider (Form 5) actually also covers the change of ownership over the bond.

So the tenant does not need to pay a second bond, the existing bond is held by the RTA and the lessor associated with that bond is updated by this form.
 
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