# Housing (Scotland) Act 2006, Section 120: Tenancy deposits: preliminary


(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.

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Source: https://www.legislation.gov.uk/asp/2006/1/section/120 (the official version)
Page: https://openlegislation.uk/housing-scotland-act-2006/section-120
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.