Fine for Armadale Real Estate over bond breach

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A real estate agency has been fined $500 by the Perth Magistrates Court for the late lodgement of a tenant’s bond money.

Drie Pty Ltd, trading as Armadale Real Estate, was also ordered to pay court costs of $253 on 31 October 2012.

Consumer Protection told the court that the agency had lodged a tenant’s security bond with the Bond Administrator 56 days after receipt. This is in breach of the Residential Tenancies Act which requires agencies to lodge bonds as soon as practicable and contravenes the industry standard of bonds being lodged within one business day.

Legal action was taken after previous warnings about late bond lodgements were issued to the agency.

Commissioner for Consumer Protection Anne Driscoll has warned real estate agencies and private landlords that action will be taken against those who hold on to bond funds for too long.

“It’s essential that agents and private landlords lodge security bonds with the Bond Administrator within a day or two of receipt, otherwise they risk prosecution,” Ms Driscoll said.

Inquiries regarding bonds can be made by calling Consumer Protection on 1300 30 40 54 or by email: consumer@commerce.wa.gov.au.

END OF RELEASE

Consumer Protection is a division of the Department of Commerce.

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Media Contact:

Alan Hynd

9282 0961 or 0429-078791

alan.hynd@commerce.wa.gov.au

Consumer Protection
Media release
05 Nov 2012

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