The Renting Homes (Fees etc.) (Holding Deposit) (Specified Information) (Wales) Regulations 2019

Specified information E+W

3.—(1) These Regulations specify information which a landlord (or if instructed, their letting agent) must provide to a prospective contract-holder(1) before a holding deposit(2) is paid to the landlord or letting agent in respect of a standard occupation contract and the way in which that information must be provided.

(2) The following information must be provided to a prospective contract-holder—

(a) amount of holding deposit(3),

(b) address of the dwelling in respect of which the deposit is paid,

(c) where a holding deposit is to be paid to a letting agent, the name and contact details of that letting agent,

(d) where a holding deposit is to be paid to a landlord, the name and contact details of that landlord,

(e) duration of the contract,

(f) proposed occupation date,

(g) amount of rent or other consideration,

(h) rental period,

(i) any proposed additional contract terms or proposed modifications to fundamental or supplementary terms or terms proposed to be omitted from the contract,

(j) amount of any security deposit,

(k) whether a guarantor is required and, if so, any relevant conditions,

(l) reference checks the landlord (or letting agent) will undertake, and

(m) information the landlord or letting agent requires from the prospective contract-holder.

(3) The information must be provided to a prospective contract-holder in writing and may be given in person or provided by electronic means if the prospective contract-holder consents to receiving it electronically.

Commencement Information

I1 Reg. 3 in force at 28.2.2020, see reg. 1(2)

(1)

By virtue of regulation 3 of S.I. 2019/1151 (W. 201), the references in the 2019 Act to a contract-holder are to be read as references to a tenant under an assured shorthold tenancy under Part 1 of the Housing Act 1988 (c. 50).

(2)

See paragraph 4 of Schedule 1 to the 2019 Act for the definition of “holding deposit”.

(3)

Under paragraph 4(c) of Schedule 1 to the 2019 Act, a holding deposit must not exceed an amount equivalent to one week’s rent under the contract.