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RESIDENTIAL TENANCIES AND ROOMING ACCOMMODATION ACT 2008 - SECT 180

Tenancy guarantees

180 Tenancy guarantees

(1) A
"tenancy guarantee" , for a residential tenancy agreement between a lessor and tenant, is an undertaking to pay up to a stated amount to the lessor if—
(a) loss or expense is incurred by the lessor because of a breach of the agreement by the tenant; and
(b) the amount of any rental bond provided by the tenant is not sufficient to cover the amount owing to the lessor for the breach.
(2) A tenancy guarantee is not—
(a) a rental bond; or
(b) financial protection under section 119 ; or
(c) an amount for entering into, extending or continuing an agreement under section 172 .
(3) The department or a community housing guarantor may give a tenancy guarantee for a residential tenancy agreement between a lessor and a tenant.
(4) In this section—

"community housing guarantor" , for the giving of a tenancy guarantee for a residential tenancy agreement, means a community housing provider for the residential tenancy under the agreement who has been approved by the chief executive of the department to give the tenancy guarantee.

"department" means the department in which the Housing Act 2003 is administered.



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