 Welcome to the Residential Tenancies Authority. In this video, we cover what is a bond. Bond is money that you pay but is different to rent. Bond is paid by you at the start of the lease before you move in. It is a deposit in case you do any damage or owe money. After you pay the bond, your landlord or property manager gives it to the RTA who keeps it safe during your lease. Once your lease ends, you can apply to the RTA to get your bond back. If there's no money owed or no damage, you should get all your bond back. If you owe any money or have done damage, the landlord or property manager can ask for some of the bond so that they can use the money to fix the issue. You can talk to your landlord or property manager and discuss what is a fair bond return amount for fixing the issue. If you both can't agree on the amount, the RTA can help.