NZQA registered unit standard
27497 version 2
Page 1 of 3
Title
Demonstrate knowledge of the bond system for residential property
rentals
Level
3
Purpose
Credits
3
This unit standard is for people who intend to operate as a
residential property letting agent in the real estate industry.
People credited with this unit standard are able to:
–
outline the bond system for residential property rentals;
–
complete a bond lodgement form; and
–
explain the procedures for managing bond releases and
bond disputes.
Classification
Real Estate > Residential and Commercial Property
Management
Available grade
Achieved
Explanatory notes
1
Legislation
Residential Tenancies Act 1986;
Residential Tenancies Amendment Act 2010;
and all subsequent amendments and replacements.
2
Assessment
This unit standard must be assessed on the basis of evidence of demonstrated
performance in the workplace or in simulated work situations designed to draw upon
similar performance to that required in the workplace.
Outcomes and evidence requirements
Outcome 1
Outline the bond system for residential property rentals.
Evidence requirements
1.1
The bond system for residential property rentals is outlined in accordance with
the Residential Tenancies Act 1986.
1.2
Calculation of bonds is explained in accordance with the Residential Tenancies
Act 1986.
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
27497 version 2
Page 2 of 3
1.3
Lodgement of bonds is explained in accordance with the Residential Tenancies
Act 1986.
1.4
Refund of bonds is explained in accordance with the Residential Tenancies Act
1986.
1.5
Transferring of bonds is explained in accordance with the Residential Tenancies
Act 1986.
1.6
Withholding of bonds is explained in accordance with Residential Tenancies Act
1986.
Outcome 2
Complete a bond lodgement form.
Evidence requirements
2.1
Lodgement form for a given tenancy is completed in accordance with the
Residential Tenancies Act 1986.
Outcome 3
Explain the procedures for managing bond releases and bond disputes.
Evidence requirements
3.1
Application for refund of bonds to tenants and for claims against bonds to make
good damage or arrears are explained and prepared, in accordance with the
Residential Tenancies Act 1986.
3.2
Bond dispute procedures are explained in terms of the Residential Tenancies
Act 1986.
Replacement information
This unit standard and unit standard 27489 replaced unit
standard 4681.
Planned review date
31 December 2015
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
18 August 2011
31 December 2013
Rollover and
Revision
2
19 July 2012
N/A
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
27497 version 2
Page 3 of 3
Consent and Moderation Requirements (CMR) reference
0003
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Comments on this unit standard
Please contact the ElectroTechnology Industry Training Organisation
reviewcomments@etito.co.nz if you wish to suggest changes to the content of this unit
standard.
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016