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Renting Homes (Fees etc.) (Wales) Act 2019

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Holding deposit

4A holding deposit is an amount which—

(a)before the grant of a standard occupation contract, is paid to a landlord or a letting agent;

(b)is paid for the purpose of reserving a right of first refusal in relation to the granting of the contract, subject to suitability checks to be carried out as to the prospective contract-holder and agreement between the parties to enter into the contract;

(c)does not exceed an amount equivalent to one week’s rent under the contract.

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