Sbm 13 - Guidelines for Tenants: How to get the bond back The bond is the money that the tenant pays to the landlord as a security deposit at the start of the tenancy period. The bond can be paid in lump sum or in installment basis if the landlord agrees. Generally, the landlord takes the bond as compensation if the tenant doesn’t follow tenancy agreements. Tue, 27 Feb 2018 11:30:16 UTC en