This is an online service to lodge and refund bond money for NSW managing agents, landlords and tenants.
Bonds lodged online using RBO do not need a signed paper bond lodgement form. Instead, both the managing agent (or self-managing landlord) and the tenant log on to RBO with separate accounts to conduct rental bond transactions. To replace signatures on a lodgement bond, RBO uses other security measures, such as mobile phone SMS codes, to verify rental bond transactions.
From 30 January 2017, property agents and self-managing landlords must be registered with Rental Bonds Online. Agents and landlords must also offer the service to new tenants as the first option for lodgement of their bond. More information is available on the Rental Bonds Online (RBO) changes to residential tenancy laws page on the Fair Trading website.
A residential tenancy bond where both the managing agent (or self-managing landlord) and the tenant are registered in RBO. The service allows the bond to be managed securely over the internet, without signing and sending paper forms.
Each user will have a unique RBO user ID and password to log on to RBO. Also, to authenticate that the person doing a transaction is actually that person, RBO will send a security code via SMS to the mobile phone number entered for this person.
Each user is also required to maintain security questions and responses that we may ask in the future to help identify them over the phone.
To do key updates associated with user profiles, you will first need to authenticate yourself through a security code sent by SMS to your mobile phone. For this reason, it is important to keep mobile phone numbers and email addresses in RBO up-to-date.
You can access Rental Bonds Online from any internet-enabled device (such as a desktop PC, laptop or tablet) using standard browsers.
If more than one tenant will be on the bond (two or more co-tenants), the tenants must decide who will be the 'principal tenant'.
The principal tenant acts on behalf of all tenants. They must:
The other tenants may view details and receive copies of notifications sent to the principal tenant, but they cannot log on to RBO or do any bond transactions.
The principal tenant may log on to RBO at any time. They can do this to view the status of their bond, view any notifications and create or respond to transactions that you initiate.
It is important to advise NSW Fair Trading of any changes to co-tenants for a shared tenancy with an online bond by completing and submitting the Change of Shared Tenancy Arrangement form to Rental Bonds. If the principal tenant vacates, the Change of Principal Tenant process must be completed before the Change of Shared Tenancy Arrangement form can be submitted to Rental Bonds. These forms can be downloaded from the Forms page on the NSW Fair Trading website.
A principal tenant can reuse their RBO logon to pay their bond for any future property they may rent, if the managing agent or landlord is registered to use the service.
You or your agency must already be registered to use RBO before you can lodge a bond online.
As the managing agent, you start the process of lodging a bond online. The tenant is sent an email to create a logon or link a new bond to an existing logon and pay for their bond using Visa, Mastercard or BPAY. The tenant pays their bond money directly to NSW Fair Trading.
RBO notifies you that Fair Trading has received the tenant's payment. You can then arrange for the tenant to sign their Residential Tenancies Agreement and complete the lodgement process in RBO. Immediately after you sign the Agreement you should mark the bond lodgement as finalised. RBO will then allocate the Rental Bond Number and notify yourself and the tenant.
No. A tenant can't be forced to pay using the online service, however from 30 January 2017, they need to be offered the service as the first option for lodgement of their rental bond. Tenants may choose to use the existing paper-based method with you if the online service is not suitable to their circumstances.
A tenant needs:
If the tenant cannot meet all these requirements, you will both need to use the paper-based method to lodge their bond instead.
Yes. Where tenants do not meet the requirements for an online bond, you may send the Rental Bond Lodgement form with a cheque or money order to Rental Bonds or lodge the bond over the counter at any Service NSW centre. After Rental Bonds has finished processing the lodgement, you will be able to see the bond in the Rental Bonds Online (RBO) 'Your bonds' list and you can also view the bond details.
These bonds are referred to as 'paper based' (displayed as 'Paper' in RBO). You will not receive online notifications regarding these bonds. Tenants cannot view or transact paper-based bonds online in RBO.
From 30 January 2017, you must be registered with RBO and offer the service to new tenants as the first option for lodgement of their bond. More information is available on the Rental Bonds Online (RBO) changes to residential tenancy laws page on the Fair Trading website.
Yes. You will need to indicate that the bond will be paid by instalments during the initial online lodgement process and enter the initial instalment amount. Once the bond is finalised, as the agent, you will be able to create a request for the tenant to pay an instalment. The tenant will be notified by email and can pay the instalment in RBO by Visa, Mastercard or BPAY.
No. Retail bonds need to be lodged using the paper Retail Bond Lodgement form. If your Agent ID Number is included on the form, the retail bond details will be visible in Rental Bonds Online.
Either a managing agent (or self-managing landlord) or tenant can submit the claim for refund using RBO.
If you, as the managing agent, are starting the claim, you first need to enter the amount to be deducted from the bond. This will be zero if the full bond is to be refunded to the tenant. Before you submit the refund claim, discuss any deductions first with your tenant.
If you submit the claim for bond refund online in RBO, the principal tenant will be sent a 14-day Notice of Claim by email as well as a phone notification by SMS (copies will be sent to any other tenants).
The principal tenant can then log on to RBO and view the claim details. If the tenant agrees to the claim, they can log on to RBO and agree for the bond to be refunded.
The bond will then be deposited into the nominated bank account(s). When tenants first register for RBO, they enter a bank account that will be used to deposit any bond refund owed to them. All refund payments for agents and principal tenants registered in RBO will be by direct deposit to their bank accounts. It is therefore important that the bank account and contact details entered in RBO are kept up-to-date.
If they do not agree with the claim, the tenant is encouraged to discuss this with you. If you cannot agree, the tenant can opt to dispute the claim by applying to the NSW Civil and Administrative Tribunal (NCAT) and notifying NSW Fair Trading of the dispute using RBO during the 14-day notice period.
Yes. Principal tenants registered in RBO with an online bond can submit a claim online using the service. However, RBO encourages the tenant to discuss their claim with the agent before submitting it online.
A Notice of Claim will be issued to you by email with a 14-day Notice period to respond. In RBO, you may choose to:
If you and the tenant agree to a different deduction amount during the Notice period, NSW Fair Trading will process the new claim on receiving evidence that both you and the tenant have agreed to the new amount. You are able to do this using RBO.
No, you will need to refund the bond and create a new online lodgement for the new property.
You will see all your existing bonds linked to your Rental Bonds Agent ID Number (Agency Code) when you log on to RBO. If they are not visible in RBO, they may not have been updated with your Agency Code - contact Rental Bonds if this applies. These bonds will appear as 'paper type' bonds, and you will be able to download and print pre-populated forms for these bonds to complete and post or email to Rental Bonds.
You will be sent an information pack when you register with Rental Bonds Online (RBO). This includes details on how to set up your agency as well as how to perform key processes such as lodging a bond and submitting a claim for refund.
Once you have activated your RBO logon, you will be able to view help information within RBO. If you need further assistance, you can contact Rental Bonds Online Security and Support by email to firstname.lastname@example.org or phone 1800 990 724 (free call).