Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) Subject to subsection (2), in addition to or in place of a bond, a lessor may accept either a guarantee or an indemnity for the performance of a tenant's obligations under a residential tenancy agreement.
(2) A guarantee or an indemnity under subsection (1) is only enforceable against the guarantor or indemnifier—
(a) if it is in addition to a bond—to the extent of the difference between the maximum amount that would have been payable by the tenant as a bond and the amount that is payable by the tenant as a bond; or
(b) if it is in place of a bond—to the extent of the maximum amount that would have been payable by the tenant as a bond.