Exceptions
This section has no associated Explanatory Notes
10Paragraph 3(b) does not apply in relation to a holding deposit paid to a letting agent if—
(a)the agent takes all reasonable steps to assist the landlord to enter into a contract before the deadline for agreement, and
(b)the landlord takes all reasonable steps to enter into a contract before that date, but
(c)the contract-holder fails to take all reasonable steps to enter into a contract before that date.