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Renting Homes (Fees etc.) (Wales) Act 2019

Changes over time for: Cross Heading: Security deposit

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Point in time view as at 01/09/2019.

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Renting Homes (Fees etc.) (Wales) Act 2019, Cross Heading: Security deposit is up to date with all changes known to be in force on or before 04 December 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Security depositE+W

2(1)A payment of a security deposit is a permitted payment.E+W

(2)In this Act, “security deposit” means money paid as security for—

(a)the performance of any obligations of a contract-holder, or

(b)the discharge of any liability,

arising under or in connection with an occupation contract.

(3)But if the amount of the security deposit exceeds the prescribed limit, the amount of the excess is a prohibited payment.

(4)In sub-paragraph (3), the “prescribed limit” means a limit specified by, or determined in accordance with, regulations.

Commencement Information

I1Sch. 1 para. 2 in force at 1.9.2019 by S.I. 2019/1150, art. 2(c)

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