A Security Deposit (similar to a Bond) may be required by the property manager prior to or on Arrival. The standard amount of the Security Deposit or Bond is $500 or 10% of the total rental, whichever is greater. The Property Manager may require a larger Security Deposit or Bond over peak season, luxury properties or with large groups.
The Security Deposit (Bond) is required to cover any damage or incidential costs incurred during your stay at the property. If there is no Damage or Additional Costs then the Security Deposit will be refunded. If the amount of the Damage or Additional Costs are greater than the Security Deposit, then the Guest will be required to pay the difference.
On Arrival, please report any damage or requirement maintenance immediately to the property manager, as you will be liable for any Damage on your departure.
A Bond applies for properties under a Lease agreement. The Bond is typically lodged with a government Bond Authority and returned at the the end of the stay following an Exit Inspection and review of the Condition Report.
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