Rental bonds are a form of security that is provided by the tenant to the landlord. It is a certain sum of money that is deposited and can be used to cover the loss of the property owner in an event that the tenant does not make rental payments. It is also used to make up for the loss of damage that the tenant might have caused to the property. Having information about rental bonds is an important part of property management Bunbury for both the tenant and the landlord. It is important for the tenant because the tenant has to arrange for the extra funds.Rental bond is essentially treated as a security deposit and payment for this is made when you sign the lease agreement. Many view rental bonds as a protection in the best interests of the landlord. In case of damages to the rental property or in instances of unpaid rents, bonds are something the landlords can fall back on. In addition, these are also useful of the tenants. They are also able to have financial protection as rental bonds have a legal standing. It is paid to the Rental Bond Authority whenever a new lease agreement is signed. The tenant has the assurance that besides the normal wear and tear, if there are no significant damages to the property and all rental payments are made regularly, the rental bond amount will be returned to them in full. The only thing is that the tenant needs to be more careful in handling the property and avoid any damages. The amount and type of rental bond may vary from one situation to the next. A general rule is that if your weekly rent is $500 or less, the maximum bond of the unfurnished property is up to four weeks' rental payment. For rental payments more than $500, the bond amounts may vary from property to property. It is better to engage a real estate agent to make negotiations with the landlord. Landlords are more secured and protected by rental bonds in any event that tenants fail to follow the rental arrangement. It is, however, not mandatory to have rental bonds. Property managers provide guidance and assistance to both parties to settle the lease agreement and rental bonds arrangements.