Renting Homes (Wales) Act 2016

47Deposit schemes: interpretationE+W
This section has no associated Explanatory Notes

(1)In this Act—

  • authorised deposit scheme” (“cynllun blaendal awdurdodedig”) means a deposit scheme in force in accordance with arrangements under paragraph 1 of Schedule 5 (and “deposit scheme” (“cynllun blaendal”) has the meaning given in sub-paragraph (2) of that paragraph);

  • deposit” (“blaendal”) means money paid as security;

  • initial requirements” (“gofynion cychwynnol”), in relation to an authorised deposit scheme, means the requirements of the scheme which must be complied with by the landlord when a deposit is paid;

  • security” (“sicrwydd”) means security for the performance of the contract-holder's obligations and the discharge of the contract-holder's liabilities.

(2)In this Act references to a deposit, in relation to a time after a deposit has been paid, are to a sum representing the deposit.

Commencement Information

I1S. 47 in force at 1.12.2022 by S.I. 2022/906, art. 2