Late lodgement of tenancy bonds results in fine for property agency (Tiapan Pty Ltd / L.J. Hooker City Residential)
- Agency took up to five weeks to lodge bonds with the Bond Administrator
- Law allows lodgement within two weeks but no longer
- Property managers reminded to process bonds as soon as practicable
Failure to lodge three tenancy bonds on time has resulted in an East Perth real estate agency being reprimanded and fined $2,500 by the State Administrative Tribunal.