Bond/Deposit

The bond or deposit is an amount taken from the tenant and retained until the end of the tenancy, when it is either paid back to the tenant or paid to the property owner.

The bond/deposit screen can be used to keep a record of all money received or paid out for a particular tenant.  For example when the tenant moves in a money in record could be created to record the money being received.  When the tenant leaves, one or more money out records could be created to record the money being disbursed to one or more parties.  

After the tenant has left, the balance of the bond account for this tenant should be zero.  The balance of the bond account is shown on the tenant details screen, and is a sum of the money in and money out records.  There is also a report showing total bond currently held across all tenants.

Note – this screen is separate to the cashbook screen.  Bond money received or paid out should also be recorded on the cashbook screen in order to reflect the correct bank account balance.