Once the lease signing is completed, your Bond will be lodged with the Rental Bond Board where it will be held for the duration of your lease. A Bond is held as a security deposit against any damage or undue wear and tear on the property. Once you vacate the property an inspection will be conducted by your Property Manager. Providing the property report coincides with the original Condition Report (providing for fair wear and tear), you will be asked to fill in a Claim of Bond Form and we will fax the form to the Rental Bond Board giving them permission to release your bond; this process can take up to 21 days.