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MyBond partners with the Founder and Chairperson of Hope for the Homeless

28th April 2022 - Coffs Harbour - New South Wales, Australia 

To celebrate International Pay It Forward Day today, MyBond has partnered with the Founder and Chairperson of Hope for the Homeless, Dean Evers, by paying his rental bond forward.  

Dean was recently featured on ABC ‘Coffs Harbour homelessness advocate facing rental struggle of his own’, and shared his personal experience and struggle with finding a suitable rental property in the current circumstances. Rental affordability and accessibility have been affecting many Australians this year. The crisis is hitting hard in regional areas like Coffs Harbour and neighbouring Port Macquarie, with vacancy rates in the state at just 0.8 per cent, according to the REINSW Vacancy Rate Survey for December 2021. Skyrocketing demand and short supply have led to soaring median rental prices. According to realestate.com.au, the median weekly rent for a Coffs Harbour house is $560, with units at $420.

A community champion, Dean, has dedicated much of his working life to advocating for the homeless. Still, after years of campaigning, he was faced with his rental market struggle to find a new home. “The continued knockbacks because there are so many people applying for properties, and just how soul-destroying that is to keep doing that day after day.”

Hope for the Homeless works to assist people in crisis find long-term rental accommodation, furniture, and white goods for those struggling to make ends meet. “MyBond and Hope for the Homeless share the same passion for putting the community first. Dean’s advocacy and commitment align with our mission to make a tenant's life easier by providing various products and services and, ultimately, a solution.” Ray Dib, CEO and co-founder of MyBond, believes that “small acts like this that have real outcomes that can literally change the individual, their circumstance and have a ripple effect in the community.” 

“Being in the rental market and having to move house can be very expensive. Apart from moving costs and having the house cleaned professionally, there is a huge consideration of the bond. While the Department of Fair Trading holds your existing bond, you need to find several thousand dollars for your new bond. This is where MyBond can assist.” stated Dean Evers. “Forming a partnership between our charity and MyBond I know will help many individuals and families. I’m so glad I trusted them to look after me. I know they will look after you too” - Dean Evers.

MyBond is a social enterprise that is enriched by its collaboration with local services and non-profit organisations such as Hope for the Homeless to assist individuals and families who have been victims of domestic abuse or displaced as a result of homelessness in settling into a new life by offering a new method of paying the initial bond.  Furthermore, MyBond has developed a program whereby the tenant only pays MyBond's fee of one week's rent over 10 months interest-free, fee-free.  

MyBond is dedicated to outcomes rather than outputs on improving families' lives and finances while supporting our diverse Australian community. “Overall, MyBond is committed to improving families' lives and finances while supporting our diverse Australian community. But, ultimately, it's all about giving people flexibility and choice in paying and managing their rental bond and allowing someone to control where they want to live and when they want to live there.” - Ray Dib.

About MyBond 
MyBond is disrupting the Australian rental market with a first-of-its-kind in-the-world service that helps tenants pay for the rental bond. An alternative to paying rental bonds with a single fee of just one week's rent with no interest, no repayments and no credit checks. MyBond’s vision is to be the preferred and trusted partner throughout a renter's life, and since the company’s launch in March 2021, it has funded millions of bonds and has helped over 1500+ Australians move into their dream dwelling in NSW, VIC, & QLD. We are the fastest growing FinTech, with a growth rate of 25% month on month and have plans to expand and scale-up.

About Hope for the Homeless
Hope for the Homeless - Coffs Harbour Inc., a not-for-profit organisation (a public company limited by guarantee) ABN: 93871390505 and registered with the Australian Charities and Not-for-profits Commission with Deductible Gift Recipient Status. We act in response to the needs of our community's most vulnerable members: the homeless, those at risk of becoming homeless, victims of domestic violence, and the working poor. Over six years, we have helped 1,000’s individuals and families.

Curated by Patrick John Esangga 'aka' PattyBoomStix 
😎💙🏠© MyBond Marketing 

#mybond #oneweekonly #mybondau #rent #finance #rentalbond #realestate #Fintech #StartUp #domain #sydneymorningherald #smartcompany #finder #rentalcrisis #rentaltips #entrepreneurlife #smallbusiness #investment #businessowner #investing #personalfinance #mindset #sydney #brisbane #melbourne



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Terms and Conditions of Affiliate Program

Please read and agree to our Affiliate agreement Terms and Conditions.

MyBond Affiliate Program Agreement

This MyBond Affiliate Program Agreement (Agreement) comprising the Schedule below and the attached Terms and Conditions is made on the date specified in the Schedule between MyBond Pty Ltd ABN 27 644 744 972 (MyBond) and the real estate agent specified in the Schedule (the Agency).

1. Appointment

1.1 Appointment: MyBond appoints the Agency to make Referrals to MyBond on the terms in this Agreement. The Agency accepts MyBond’s appointment on the terms of this Agreement.

1.2 No exclusivity: The appointment of the Agency is on a non-exclusive basis. The appointment does not limit other methods by which MyBond may promote its Services or to reach Prospective Customers.

1.3 Relationship: The Agency is an independent contractor to MyBond. Nothing in this Agreement has the effect of creating a relationship of employer and employee, partners, principal and agent, or joint venturers between MyBond and the Agency.

1.4 Term: This Agreement commences on the Commencement Date and continues until terminated in accordance with the terms of this Agreement.

2.1 General: The Agency must:

2. Agency’s obligations

  1. disclose to a Prospective Customer when making a Referral that it is a referrer for MyBond and will receive a commission;
  2. make Referrals with due skill and care;
  3. comply with all reasonable and lawful instructions of MyBond in relation to Referrals;
  4. comply with all applicable laws and legal obligations;
  5. not allow its interests to conflict with its obligations and duties under this Agreement;
  6. not hold itself out as having authority, or do any act that might reasonably create the impression that it has authority, to bind MyBond in any way;
  7. not make any commitments or incur any liability for or on behalf of MyBond;
  8. not make or give any representations, warranties or other promises regarding MyBond or its Services;
  9. not produce any promotional material for MyBond or its Services without the prior approval of MyBond;
  10. not charge a Prospective Customer a fee for the Referral; and
  11. not use MyBond's name, logo or trade marks without the prior approval of MyBond.

2.2 Privacy: Before providing Personal Information about a Prospective Customer who is an individual to MyBond under this Agreement, the Agency must ensure that it may do so in compliance with applicable privacy laws and the privacy policy of the Agency.

3. Commission

3.1 Entitlement: The Agency is entitled to a Commission for each Successful Referral.

3.2 Amount: The amount of Commission payable by MyBond to the Agency is set out in the Schedule.

3.3 Invoice: Within 10 Business Days after the end of each calendar quarter, MyBond will provide the Agency with a Recipient Created Tax Invoice for that calendar quarter which will specify the Commission payable in respect of that calendar quarter, together with any applicable GST. The Agency must not provide an invoice to MyBond for Commission.

3.4 Payment: MyBond must pay the Commission in respect of a calendar quarter within 20 Business Days after the end of that calendar quarter.

3.5 Clawback: If MyBond does not receive a refund of the full amount of the rental bond for which MyBond has provided the Services, the Commission paid by MyBond for that Successful Referral must be refunded to MyBond on demand. MyBond may debit the amount of any refundable Commission from any future payments of Commission under this Agreement.

3.6 Effect of termination: The ending of this Agreement does not affect MyBond's obligation to pay Commission to the Agency in relation to any Successful Referrals which have been made before the end of this Agreement.

3.7 Discount: In addition to paying the Commission, MyBond agrees that for a Successful Referral, it will discount by $20 the amount payable by the Prospective Customer to MyBond as the fee for the Services.

4. Representations and warranties

Each party represents and warrants to the other that:

  1. it has full authority to enter into this Agreement;
  2. it is not bound by any agreement with any third party that may adversely affect this Agreement;
  3. it has and will maintain all necessary powers, authority and consents to enter into and fully perform its obligations and duties under this Agreement; and
  4. it has complied and will comply with all applicable laws binding on it.

5. Confidentiality

5.1 Obligation: Each party (the Recipient) must keep confidential any information relating to the other party or the terms of this Agreement unless an exception applies.

5.2 Exceptions: The obligations of confidentiality under this Agreement do not extend to information that is (whether before or after this Agreement is signed):

  1. rightfully known to the Recipient at the time of disclosure and there is no obligation of confidentiality on the Recipient;
  2. generally and publicly available (otherwise than as a result of a breach of this Agreement);
  3. required to be disclosed by law or court order; or
  4. required to be disclosed in connection with any legal proceedings relating to this Agreement.

5.3 Consent: If the party to whom the information relates has consented in writing before the disclosure of that information, then that disclosure does not contravene clause 5.1.

6. Termination

6.1 Notice: This Agreement can be terminated by either party without cause by giving the other party not less than 7 Business Days written notice of termination.

6.3 Survival: The following clauses survive termination or expiry of this Agreement: clauses 3.7, 5, 7, 8, and 9.

6.4 Effect: The ending of this Agreement does not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry.

7. Governing law and jurisdiction

7.1 Governing law: This Agreement is governed by the law applying in New South Wales.

7.2 Jurisdiction: The parties submit to the non-exclusive jurisdiction of the courts of New South Wales with respect to any proceedings that may be brought at any time relating to this Agreement.

8. Other provisions

8.1 Notices: Any notice or other communication (Notice) given or made under this Agreement must be in writing and must be sent by email to the email address of a party specified in the Schedule, or to the email address last notified by the intended recipient to the sender. A Notice will be taken to be duly given or made on the same day of sending unless the sender receives notice that the email has not correctly been delivered.

8.2 Amendment: An amendment or a variation of any term of this Agreement must be in writing and signed by each party.

8.3 Counterparts: This Agreement may be executed in any number of counterparts. Each counterpart is an original but the counterparts together are one and the same Agreement.

8.4 Electronic execution: This Agreement may be signed electronically.

8.5 Costs: Each party must pay its own costs and expenses in respect of negotiating, preparing, signing, delivering and performing this Agreement and any other agreement or document entered into or signed under this Agreement.

8.6 Entire agreement: This Agreement is the entire agreement and understanding between the parties on everything connected with the subject matter of this Agreement, and supersedes any prior agreement or understanding on anything connected with that subject matter.

8.7 Assignment and other dealings: A party must not assign, novate or deal with any right or obligations under this Agreement without the prior written consent of the other party, whose consent must not be unreasonably withheld.

8.8 Further assurances: The parties must promptly execute and do all acts and things necessary or desirable to implement and give full effect to the provisions and purpose of this Agreement.

8.9 Severability: If anything in this Agreement is unenforceable, illegal or void, then it is severed and the rest of this Agreement remains in force.

8.10 Waiver: A single or partial exercise or waiver by a party of a right relating to this Agreement does not prevent any other exercise of that right or the exercise of any other right.

9. Definitions

In this Agreement, the following definitions apply unless the context indicates otherwise:

Agreement means this document, including the Terms and Conditions and the Schedule.

Business Day means a day that is not a Saturday, Sunday or a public or bank holiday in New South Wales.

Commencement Date means the commencement date of this Agreement specified in the Schedule.

Commission means the commission payable under clause 3.

Contact Details means the contact details of a person including name, phone number, email address and any other items specified by MyBond.

GST has the meaning given to it in the GST Act

GST Act means A New Tax System (Goods and Services Tax) Act 1999 (Cth).

Personal Information has the meaning given to the term under the Privacy Act 1988 (Cth) and includes Contact Details.

Prospective Customer means a person who may be interested in using the Services.

Recipient Created Tax Invoice has the meaning given to it in the GST Act.

Referral means the provision to MyBond from the Agency of the Contact Details of a Prospective Customer.

Schedule means the Schedule to this Agreement.

Services means the services provided by MyBond of providing financing facilities for rental bonds.

Successful Referral means that a Prospective Customer uses MyBond for Services.