Rental bond rules in New Zealand
The Residential Tenancies Act sets strict rules on how much bond can be charged, how it must be lodged, and when it must be refunded. Here's everything landlords and tenants need to know.
Maximum bond amount (Section 18)
4 weeks rent — that's the maximum
A landlord cannot charge more than 4 weeks rent as a bond. This applies regardless of how the rent is paid or what the tenancy agreement says. Any provision requiring a higher bond is void and unenforceable.
Example: if rent is $600 per week, the maximum bond is $2,400.
No other upfront payments
A landlord cannot require more than 2 weeks rent in advance (or 1 week for weekly tenancies) in addition to the bond. Key money, letting fees, and similar charges are prohibited.
Lodging the bond (Section 19)
23 working days to lodge
The landlord must lodge the bond with Tenancy Services within 23 working days of receiving it. The bond must be lodged online at tenancy.govt.nz or at a Tenancy Services office.
Failure to lodge the bond is a breach of the Act and can result in a fine of up to $1,000.
Bond refund at end of tenancy (Section 22)
How bond refunds work
At the end of the tenancy, the bond is refunded to the tenant unless the landlord makes a claim against it. Landlords can claim for:
- Unpaid rent
- Damage beyond fair wear and tear
- Reasonable cleaning costs if the property is left dirty
The landlord must apply to Tenancy Services within 10 working days of the tenancy ending if they want to make a claim. After that, the bond is automatically refunded to the tenant.
Fair wear and tear
Landlords cannot claim for fair wear and tear — the normal deterioration of a property through ordinary use. A worn carpet after 5 years of tenancy is fair wear and tear. A carpet stained with pet urine is not.
Frequently asked questions
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