TENANCY LAW: Youth Tenancy (Case 1)
Question 1, Answer: No, Julie's landlord cannot charge $3,000.00 bond if her weekly rent is only $150.00 per week.
Residential Tenancies Act 1986
A landlord can ask for bond that is equal to up to four weeks' rent. They can't ask for any other form of security in addition to his bond, such as a security interest in your car.
A landlord can ask for up to two weeks' rent in advance.
The landlord must give the tenant a receipt for the bond and pay the bond over to the Ministry of Business, Innovation and Employment (MBIE) within 23 working days of receiving it. Alternatively, the tenant can pay the bond directly to MBIE with the landlord's permission.
The tenant and landlord must sign a bond lodgement form. This form must be sent to MBIE with the bond money. MBIE will issue an acknowledgement to both the tenant and the landlord.
A landlord who does not pay over the bond can be ordered to pay the tenant damages of up to $1,000.