GeeDee for Windows

Bond Refund

Bond Refund

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Bond Refund

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The primary purpose of this item is to refund bonds to a tenant. This may be after the tenant has vacated, or if the tenant pays a bond, and does not take up the lease.

 

The secondary use may be to pay miscellaneous contractor's from the bond funds although this is not recommended as the transaction will display as bond refund; implying that the funds were paid to the tenant.

 

Bonds Bond Refund

Bond Refund will only be possible if all Bond Funds receipted have not been allocated and excess is still available .

 

Usage:

Use the Search and Navigate buttons to find the required tenant record. The balance of the tenants bond funds in the Trust Account is displayed.
Enter the payee's name, and address (usually the tenant).
Enter the some descriptive details (usually bond refund).
Select the Pay By option.
Enter the amount required for the cheque or DEFT. This may not be greater than the amount held in the Trust Account for the tenant.
Click the Post button to post the transaction.

 

Bond refund

 

 

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