Plain language law

New Zealand law explained for everyone

Residential Tenancies Act 1986

Tenancy agreements - Key money, bonds, and rents

20: Duties of chief executive in relation to bonds

You could also call this:

"What the chief executive must do with rental bonds"

Illustration for Residential Tenancies Act 1986

When a landlord sends the chief executive money for a bond, the chief executive must put the money into the Residential Tenancies Trust Account. The chief executive gives the landlord a written receipt with details like the address of the premises, the landlord's name, the tenant's name, and the bond amount. The chief executive also gives the tenant a copy of this receipt.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM95046.

This page was last updated on — View changes

Previous

19: Duties of landlord on receipt of bond, or

"What landlords must do when you pay a bond"

Next

21: Tenant may pay bond direct to chief executive with landlord's consent, or

"Paying your bond directly to the government with your landlord's okay"

Part 2Tenancy agreements
Key money, bonds, and rents

20Duties of chief executive in relation to bonds

  1. Where a landlord forwards to the chief executive any amount paid by way of bond, the chief executive shall—

  2. deposit the money into the Residential Tenancies Trust Account:
    1. give to the landlord a written receipt showing—
      1. the address of the premises to which the payment relates; and
        1. the name of the landlord; and
          1. the name of the tenant; and
            1. the type of bond and the amount paid; and
              1. the date of the receipt by the chief executive of the payment:
              2. give to the tenant a copy of the receipt issued in accordance with paragraph (b).

                Notes
                • Section 20: replaced, on , by section 4 of the Residential Tenancies Amendment Act 1992 (1992 No 79).
                • Section 20(b)(iv): replaced, on , by section 12 of the Residential Tenancies Amendment Act 2024 (2024 No 52).