One month’s rent is payable in advance and another amount of money which is called a Bond will have to be paid at the same time. The Bond is usually about the same amount as one month’s rent. This Bond is kept by an organisation called The Bond Board and is given back when a tenant leaves the property. If any damage has been caused to the property whilst living there, the Landlord will need to use some of the Bond to repair the damage. The remainder of the Bond should then be returned to the tenant.