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Originally posted by propertynewb View PostI wonder how much interest the Bond Centre makes annually, and what they do with it?Last edited by Learning; 20-09-2017, 09:31 AM.
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Imagine all the interest this agency is earning from the bonds..
Originally posted by Learning View PostAs Eri said and the TT. A TT sitting costs a little more than just the $20.44 lodging fee. That's why they come down so hard on LL's who don't lodge the bond. The LL's are effectively stealing from the TT's own coffers.
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Imagine what they stand to lose if Labour & Greens get in and LLs sell up and run for the hills.
cheers,
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Bond Centre use the funds to support Tenancy Services, mediators and Tribunal staff, but not bailiff's/collections/etc as they are MOJ.
I would guess also also covers cost of the website and online bond lodgement etc.
Can request under OIA but that's my understanding from related conversations for a different OIA request.Rentex Limited Property Management - Est. 1988
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