Scheme model
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11. A tenancy deposit scheme must be based on the following model—
(a)no fee is payable by the landlord to the scheme administrator in respect of participation in, or otherwise in connection with, the scheme;
(b)the tenancy deposit is paid by the landlord to the scheme administrator;
(c)the scheme administrator pays the tenancy deposit into an account maintained for the purpose of holding tenancy deposits;
(d)the tenancy deposit is held in that account until it falls to be repaid in accordance with these Regulations.