A Perth real estate agency has been fined $10,000 for failing to lodge tenancy bonds within a reasonable period.
Dalgon, formerly trading as Acton West and now trading as Acton Cottesloe, pleaded guilty in the Perth Magistrates Court last week to 27 charges of failing to lodge security bond money with the Bond Administrator.
Consumer Protection told the court the bond money, totalling almost $60,000, was collected between February and November 2011 from 27 tenants who had rented properties in Mosman Park, Nedlands, Cottesloe, Claremont, Wembley Downs and Maylands.
The agency was required to lodge the bonds as soon as practicable, but did not do so until about three months later.
The company was fined $10,000 and ordered to pay court costs of $275.
Consumer Protection commissioner Anne Driscoll said the case served as a warning to real estate agents, property managers and landlords about promptly lodging bonds.
"For real estate agents, there should be no reason why bonds cannot be lodged the following business day," she said.
"Consumer Protection will take action against agents or landlords who retain these funds for an unreasonable amount of time and fail to comply with the law."