BondAssist is issued by CBL Insurance Limited

Accepting a BondAssist Guarantee is easy

  1. Talk to your Tenant about using BondAssist (less upfront costs and transferable).

  2. Negotiate the appropriate amount of bond cover with your Tenant (The maximum is 5 weeks rent or $5,000, whichever is less). BondAssist can also be combined with traditional bond.

  3. When agreed, simply send us through your Tenant Application (whatever format you currently use) along with their ID and a signed BondAssist Privacy Disclosure. Otherwise your Tenant can apply online for pre-approval.

  4. Once approved your Tenant signs the Tenancy Agreement and pays the fee for the Guarantee (23% including GST of agreed cover amount for a 3 year term) by credit card or direct credit.

  5. The Guarantee is then issued in your favour. Cover starts immediately.

  6. That’s it, at the end of the tenancy where the Tenant(s) have breached the terms of the Tenancy Agreement you can call upon the Guarantee as you would claim against a traditional bond (see Guarantee Terms and Conditions)