xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULE 2Treatment of Holding Deposit

Exceptions

9Paragraph 3(b) does not apply in relation to a holding deposit paid to a landlord if—

(a)the landlord takes all reasonable steps to enter into a contract before the deadline for agreement, but

(b)the contract-holder fails to take all reasonable steps to enter into a contract before that date.