Hi all, I rented out a property to a tenant without the use of a PM. My tenant has given notice and is leaving. When I rented it out, I made a newbie mistake. I forgot to lodge the bond (4 weeks rent) with the NSW Rental Bond Board. From past memory of my own experiences of renting several years ago, I recall I got my bond back with a small amount of interest. I want to return the bond to my tenant, and add on the interest, as if it had been lodged with the Rental Bond Board 2 years ago, as (obviously) I don't want her to be disadvantaged by my mistake.
As many of you are landlords, I was wondering if anyone knew what the interest rate is these days?
Many thanks in advance
As many of you are landlords, I was wondering if anyone knew what the interest rate is these days?
Many thanks in advance