OurProperty gives you control over how the required bond is calculated and if your agency requires 6 x weekly rent for bond if the weekly rent exceeds a set value.
Bond Limit should also be set for the Lease component as well - Click Here to learn more.
Log in to your agency's Office Manager account and go to your agency Settings and locate 'Tenant Acquisition'.
2. Locate the 'Bond Required Amount' and 6 x Weekly Rent Bond Limit' settings
'Bond Required Amount'
This settings allows you to select if bond is to be calculated as '4 x weekly rent' or '1 x monthly rent'
'6 x Weekly Rent Bond Limit'
This setting allows you to select if bond is to be calculated as 6 x weekly rent if the weekly rent exceeds the value entered.
Example - VIC = $900 (if weekly rent exceeds $900 per week the bond will be requested as 6 x 900)