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Tenant Fees Act 2019
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- UK Public General Acts
- 2019 c. 4
- SCHEDULE 2
- Paragraph 5
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Requirement to repay holding deposit
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5(1)The person who received the holding deposit must repay it if—
(a)that person believes that any of paragraphs 8 to 12 applies in relation to the deposit, but
(b)that person does not give the person who paid the deposit a notice in writing within the relevant period explaining why the person who received it intends not to repay it.
(2)In sub-paragraph (1) “the relevant period” means—
(a)where the landlord decides not to enter into a tenancy agreement before the deadline for agreement, the period of 7 days beginning with the date on which the landlord decides not to do so;
(b)where the landlord and tenant fail to enter into a tenancy agreement before the deadline for agreement, the period of 7 days beginning with the deadline for agreement.
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