A bond is a security deposit paid by the tenant at the start of a tenancy. It’s held by Tenancy Services, not the landlord, and is used to cover any unpaid rent, damage beyond fair wear and tear, or other breaches of the tenancy agreement. If there are no issues at the end of the tenancy, the bond is fully refunded. The maximum bond a landlord can request is equivalent to four weeks' rent, as per the Residential Tenancies Act 1986.
The bond must be paid before the start of your tenancy. The bond amount must be paid in one transaction. Partial payments will not be accepted, and if a part payment is transferred, we will be in touch to refund this.
We recommend setting up a joint flat account to manage rent and shared bills easily. This helps keep track of payments and ensures everyone contributes on time. Please use the payment details in the photo to the right when paying your rent. If you’re experiencing difficulties paying your rent or anticipate any issues in the future, notify your property manager immediately. Please note that you cannot withhold rent payments due to maintenance, repairs, or issues with your property.
The term, "rent in advance," can be a bit tricky because of its name, causing confusion for tenants, especially when their lease is ending. It doesn't mean you can skip paying a week(s) of your lease. Instead, it simply means you're required to pay your rent before it's due. So, paying 'rent in advance' is like buying the time you'll be staying in the property before actually living there – it's a 'pay before you stay' arrangement. If you move in on a Friday your rent must already be paid up to and including the following Thursday night (a week in advance). Your next rent payment is due that day and every Friday after that to keep you current.
Your property manager will give at least 60 days’ written notice when the rent is going to be increased. There is no limit as to how much the rent may be increased, providing that any increase is not excessively above ‘market rate’. Your rent can only be increased every 365 days.
At Edinburgh Realty we have zero tolerance of rent arrears. Our procedure for dealing with rent arrears is: