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Renting bonds??

  • 27-07-2004 12:18pm
    #1
    Kell
    Closed Accounts Posts: 2,479 ✭✭✭


    Hi,

    I have been on the lookout recently for rented accommodation and I have heard exiting/prospective housemates mention "bonds" in relation to deposits. Anyone come across this before and what the hell is it in relation to?

    Cheers,

    K-


Comments

  • #2
    ChipZilla
    Registered Users, Registered Users 2 Posts: 954 ✭✭✭ChipZilla


    A posh word for a deposit, loike?

    Isn't where the deposit is held by a third party, so nobody gets screwed unnecessarily when the lease comes to an end?

    Big in Australia apparently...


  • #3
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    I haven't come across them, but a bond is usually a guarantee or similar froma third party to cover for default, so while the purpose is similar to a deposit, it protects the lanlord more and will therefore cost you.


  • #4
    Kell
    Closed Accounts Posts: 2,479 ✭✭✭Kell


    Originally posted by Victor
    I haven't come across them, but a bond is usually a guarantee or similar froma third party to cover for default, so while the purpose is similar to a deposit, it protects the lanlord more and will therefore cost you.

    Me stands under. Thanks for the heads up Vic.

    K-


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