Claim against Bond Centre thrown out

The comment arose when one of Lowe & Co Property Management’s tenants took it to court over an unreasonable delay in the bond being returned. And further requested compensation for the landlord’s failure to notify the Bond Centre of a change of landlord within the required timeframe of 10 working days.

In October last year the Karori property was sold during the tenant’s occupancy.

The new landlord was required to notify the Bond Centre within 10 working days after the sale of the change and their name and contact details.

If not done, it is a breach of section 21A of the Residential Tenancies Act (RTA) and exemplary damages of up to $750 can be awarded.