AUSTRALIA News on May 16, 2020

Hello, Looking to rent a house however the landlord wants 2 weeks holding deposit and then 2 weeks in cash when the lease is signed as a bond. This sounds dodgy to me

"HOLDING DEPOSIT

You will be required on approval to pay a holding deposit ( equivalent of two weeks rent ). A receipt will be issued. Please retain this receipt for your records. The holding deposit will become part of the bond at the time of signing the lease and is not refundable.

HOW MUCH TO PAY BEFORE SIGNING THE LEASE:

Up to the day before you sign the lease and collect the keys and remote control you will be required to pay a bond equivalent to two weeks rent if you have paid the holding deposit equivalent to two week rent and two weeks rent in advance in cash. You will be issued a Trust Account receipt."

this is my first rental in QLD Australia, thanks in advance

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