How do Bond Loans work in Queensland?

For general tenancies the law says if the rent is $700 or less per week, the maximum bond amount is 4 weeks rent. If the weekly rent is higher than $700, the amount of bond should be negotiated between the property manager/owner and tenant. The law gives no maximum amount where the weekly rent is higher than $700. 

For moveable dwelling tenancies, the maximum bond is the same as 2 weeks rent, or if the electricity is connected to the premises in the owner’s name, 3 weeks rent. 

The maximum amounts stated in the Act apply to all bonds, no matter what they are called (e.g. pet bond) or how many bonds are taken. 

There are different rules where accommodation is provided by an employer. Check with the RTA for more information. 

Accurate at February 2024 – Source – Queensland Government