New South Wales Consolidated Acts

RESIDENTIAL TENANCIES ACT 2010 - SECT 160

160 Other security may not be required

(1) A landlord, landlord's agent or any other person must not require or receive from a tenant or another person anything other than a rental bond as security for any failure by a tenant to comply with the terms of a residential tenancy agreement.

: Maximum penalty--20 penalty units.

(2) This section does not apply to an undertaking--

(a) given to a landlord by the Secretary of the Department of Communities and Justice (or the New South Wales Land and Housing Corporation on behalf of that Secretary), or a person authorised in writing for the purposes of this section by that Secretary, and

(b) that provides that, subject to specified conditions, the landlord will be indemnified up to a specified amount against loss or damage arising from any breach of a residential tenancy agreement by a specified tenant.