(1) Where the amount
of the rent payable under a residential tenancy agreement has been increased
under section 30 or 31A, the amount of the security bond payable under the
agreement may be increased by the lessor by notice in writing to the tenant
specifying the amount of the increase and the day on which it is payable,
being a day —
(a) not
less than 60 days after the day on which the notice is given; and
(b) not
less than 6 months after the day on which the tenancy commenced, or, if the
amount of the security bond has been increased under this section, the day on
which it was last so increased,
but otherwise the
amount of the security bond shall not increase or be increased.
(2) The amount of a
security bond may not be increased under this section to an amount that would
exceed the aggregate of —
(a) 4
weeks’ rent under the residential tenancy agreement at the time at which
the amount of the increase would be payable; and
(b) any
amount provided for by section 29(1)(b)(ii).
(3) A notice of
increase of the amount of a security bond that has been given in accordance
with this section and that has not been withdrawn by the lessor varies the
residential tenancy agreement to the effect that the amount of the increase
specified in the notice is payable under the agreement on the day specified in
the notice.
(4) Section 29(4)
applies to an amount paid under this section.
[Section 31 amended: No. 60 of 2011 s. 29 and 89;
No. 23 of 2014 s. 89.]