Rental accommodation has many pitfalls

[Bretrick]

Today I received an email from the real estate agent handling my rental accommodation
We would like to inform you that following the recent rent review or lease renewal at */**S****** A*****, it is now necessary to top up your bond.
As your current held bond amount stands at $1040 an additional payment of $280 is required. The equivalent of 4 x weeks rent is required to be lodged with Bond Admin.
Back in November 2023 I received the same request for that 6 month rent increase, which I paid immediately.
I have the transaction Reference number.
Seems that amount was not credited to the bond amount.
Instead of being required to pay $280, the real amount should be $160.
Let's see how they handle this.
Will they say the money was not received?
If so, then the agent who received my payment never forwarded it to them.
I can see a battle about to happen.
Renters, always getting screwed

 

[Paco Dennis]

Can you organize other renters to fight this landlord?

 

[Bretrick]

Can you organize other renters to fight this landlord?

90% of the residents are new arrivals. There is no way they will speak out of turn.
All I can do is hope the agent delves into the firm that collects the rent on their behalf.
Not confident I will come out even.

 

[Paco Dennis]

90% of the residents are new arrivals. There is no way they will speak out of turn.
All I can do is hope the agent delves into the firm that collects the rent on their behalf.
Not confident I will come out even.

Relocating? That would be a real hassle, but you might need to to save $$. These type of companies seem to be squeezing the renters, and pressuring them to pay more. Everybody needs more as inflation continues...it sucks. I can see how many people fear homelessness if this continues.?

 

[Bretrick]

Relocating? That would be a real hassle, but you might need to to save $$. These type of companies seem to be squeezing the renters, and pressuring them to pay more. Everybody needs more as inflation continues...it sucks. I can see how many people fear homelessness if this continues.?

There seems to be a never ending money grab.
The little person is left floundering.
Pay up or be thrown out.
Wankers.

 

[VintageBetter]

Today I received an email from the real estate agent handling my rental accommodation
We would like to inform you that following the recent rent review or lease renewal at */**S****** A*****, it is now necessary to top up your bond.
As your current held bond amount stands at $1040 an additional payment of $280 is required. The equivalent of 4 x weeks rent is required to be lodged with Bond Admin.
Back in November 2023 I received the same request for that 6 month rent increase, which I paid immediately.
I have the transaction Reference number.
Seems that amount was not credited to the bond amount.
Instead of being required to pay $280, the real amount should be $160.
Let's see how they handle this.
Will they say the money was not received?
If so, then the agent who received my payment never forwarded it to them.
I can see a battle about to happen.
Renters, always getting screwed

If they say it was not received can't you check your bank statements to see if the debt card transaction or check was processed?

 

[Bretrick]

If they say it was not received can't you check your bank statements to see if the debt card transaction or check was processed?

Thank you for that advice.
The money was withdrawn from my bank account. I will contact my bank and ask this question.

 

[Teacher Terry]

This is one of many reasons that I bought myself a small condo when I got divorced 3 years ago. While my hoa dues go up periodically because of vendors increasing their prices on service I don’t have to worry about this kind of stuff or about having to move in my old age. I hope you get this resolved.

 

[hollydolly]

call me thick but what is the Bond for ?

 

[VintageBetter]

This is one of many reasons that I bought myself a small condo when I got divorced 3 years ago. While my hoa dues go up periodically because of vendors increasing their prices on service I don’t have to worry about this kind of stuff or about having to move in my old age. I hope you get this resolved.

Wouldn't we all like to buy a home or condo. Same can also be said for people between the ages of 18 and 55.

If the market, this church called Wall Street, refuses to create the housing supply, then we can't buy.

 

[againstthegrain]

call me thick but what is the Bond for ?

Perhaps it is what we refer to in the US as "last month's rent." As the rent increases the "bond needs to be topped off" in order to have the deposit equal 4 weeks or 1 month rent.

 

[hollydolly]

Perhaps it is what we refer to in the US as "last month's rent." As the rent increases the "bond needs to be topped off" in order to have the deposit equal 4 weeks or 1 month rent.

Good lord... ! I can't say I've ever heard of that here...

 

[hollydolly]

Wouldn't we all like to buy a home or condo. Same can also be said for people between the ages of 18 and 55.

If the market, this church called Wall Street, refuses to create the housing supply, then we can't buy.

why would you want to buy people between 18 and 55 ?

 

[againstthegrain]

Good lord... ! I can't say I've ever heard of that here...

In the US the typical renter pay's first and last month's rent and an additional month's rent for a damage deposit. IME, this is a reason for some small portion of homelessness.

 

[hollydolly]

In the US the typical renter pay's first and last month's rent and an additional month's rent for a damage deposit. IME, this is a reason for some small portion of homelessness.

oh yes the same here as far as I know... first month..last month ..sometimes a deposit on top sometimes just the first and last..... most renters that I'm aware of have enough trouble coming up with first and last month's rent.. and even add a damage deposit onto it ... how then are they expected to come up with extra.. like Bretrik described.. asking for over £200 extra..when that might be a weeks' wages to some.. I'm stunned at this..tbh...

 

[Teacher Terry]

Wouldn't we all like to buy a home or condo. Same can also be said for people between the ages of 18 and 55.

If the market, this church called Wall Street, refuses to create the housing supply, then we can't buy.

I was able to buy because anytime I moved I bought something and was always in the housing market. If real estate went up I wasn’t priced out.

Through the years I made money and lost money on real estate. Some of the properties were not in good shape. It’s been a priority for me my entire life.