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Residential Tenancies Act 1986

Tenancy agreements - Key money, bonds, and rents

22C: Payments of bond to be made out of Residential Tenancies Trust Account

You could also call this:

“The government uses a special account to give back bond money to tenants and landlords.”

The chief executive must use money from the Residential Tenancies Trust Account to pay any bond under sections 22, 22A, or 22B. This means when you’re due to get your bond back, the money will come from this special account. The chief executive is in charge of making sure this happens correctly.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3296210.

Topics:

Housing and property > Renting

22B: Applications to, and orders by, Tribunal, or

“The Tenancy Tribunal can decide who gets the bond money if there's a disagreement between the landlord and tenant.”

22D: Chief executive may take steps to refund bonds, or

“The government can try to give back money that was kept safe for renters if no one claims it after a long time.”

Part 2 Tenancy agreements
Key money, bonds, and rents

22CPayments of bond to be made out of Residential Tenancies Trust Account

The chief executive must make any payments of a bond under section 22, 22A, or 22B out of the Residential Tenancies Trust Account.

Notes

Section 22C: inserted, on 1 October 2010, by section 18 of the Residential Tenancies Amendment Act 2010 (2010 No 95).