Housing (Scotland) Act 2006 (asp 1)

Valid from 21/12/2010

Part 4 S Tenancy deposits

120 Tenancy deposits: preliminary S

(1) A tenancy deposit is a sum of money held as security for—

(a) the performance of any of the occupant's obligations arising under or in connection with a tenancy or an occupancy arrangement, or

(b) the discharge of any of the occupant's liabilities which so arise.

(2) A tenancy deposit scheme is a scheme for safeguarding tenancy deposits paid in connection with the occupation of any living accommodation.