New platform is revolutionising the way Aussies rent
- Written by Scene Magazine
TENANTS NEVER TO PAY A BOND AGAIN
Ground-breaking new platform is revolutionising the way Aussies rent
Tenants will never have to pay a bond again with the launch of multilist.com®, a ground-breaking new company that seeks to revolutionise the way Aussies rent by building a community of ‘bond-free’ rentals, reliable tenants, reputable landlords and trusted agents.
With over 30 per cent of Aussie renters not getting 100% of their bond back, multilist.com® saw an opportunity to do things better. Believing trusted renters shouldn’t be penalised with large bonds, multilist.com® commits to covering a tenant’s bond, but only in the instance of property damage or arrears – otherwise, no bond money is exchanged between tenant and landlord. This means tenants don’t have to part with large sums of money and the landlord is protected should there be a tenancy breach as multilist.com® will pay the money owed up to the amount of the bond 24 hours after a tenant vacates the property.*
multilist.com® works in three simple steps; a tenant will subscribe to the platform by filling out an application form for either a current or new property. Once approved by multilist.com® the request is sent to the landlord for approval along with the member landlord agreement – once approved, the agent or landlord can lodge a bond refund directly back to the tenant for a current lease. For future properties, tenants are all set to move in. As a trusted member of multilist.com®’s community, good tenants pay a $2.99 p/m per member subscription discounted from $29.99p/m for the duration of their lease unless in the case of a breach of their terms and conditions where it will go up to $29.99p/m per member until the issue is rectified. *
With cost-of-living on the rise and interest rates climbing, multilist.com® will help to alleviate some of the financial pressure placed on renters, while landlords are safeguarded against tenancy breaches and the associated costs.
“multilist.com® serves to fill a gap in the market where great tenants and reputable landlords can come together to build a trusted community. We don’t think renters should be penalised with expensive bond payments, while landlords shouldn’t have to wait for money that’s rightly owed in the case of a tenancy breach. multilist.com® benefits everyone involved in the rental market – tenants no longer have to pay a lump sum of money, landlords are protected and agents face less administration,” said Jarinda Wilson, Chief Operating Officer, multilist.com®
As of June 2022, the Residential Tenancies Bond Authority held 706,892 bonds, valued at 1.2 billion dollars.
Whilst on average a bond is returned within 3-4 weeks, if a dispute arises this timespan rises immensely. Between 2021-2022, 80% of VCAT’s residential tenancy disputes took 22 weeks to be resolved, leaving many renters with multiple bonds at the same time, causing increased financial pressure amidst a cost-of-living crisis.
multilist.com® reduces the need for renters, landlords and agents to rely on state civil and administrative tribunals to resolve tenancy disputes, or in cases where hearings have already been submitted, drastically reduces the time and stress caused by taking over the process and chasing payment on behalf of the parties involved.
Once subscribed to the multilist.com® community, tenants can continue renting from the trusted network of agents and landlords – without ever making a bond payment.
The first platform of its kind, multilist.com® is radically changing the way Aussies rent.
For more information, please visit https://www.multilist.
