bond: rental bond lodgement. The money set aside with RBA in case you damage the property?
terms of that option: Landlord has approved my rent application. To secure the property that's approved, I have to pay the bond for the property within 24 hours. Once it is paid, the property will be taken off the market.
somehow, I don't think that is right. I am under the impression that the bond should be lodged after receiving the property's condition report. Also, there could be other mechanisms to secure a property, but I am not certain if it is to pay the rent in advance? It is quite an exercise to view different properties and if any property application has been accepted, it is quite a tight timeline to commit within 24 hours...
