# The Housing (Tenancy Deposits) (Specified Interest Rate) (Revocation) (England) Order 2015

S.I. 2015/14 · made 5 January 2015

This Order revokes the Housing (Tenancy Deposits) (Specified Interest Rate) Order 2007 (“the 2007 Order”) in England only. The 2007 Order specifies the rate of interest payable by a custodial tenancy deposit scheme on amounts of deposits repaid to tenants and landlords by the scheme at the end of a tenancy. The 2007 Order was only relevant so long as the arrangements under section 212(1) of the Housing Act 2004 (c.34) - that is, the arrangements under which the tenancy deposit schemes are established - provided for deposits repaid to tenants and landlords to be paid with interest. In England, those arrangements were changed in 2010 to provide that such amounts were no longer required to be paid with interest. The 2007 Order is therefore redundant in England.

Made under: Housing Act 2004 (Schedule 10 paragraph 3)

PDFs: Printed copy https://openlegislation.uk/housing-tenancy-deposits-specified-interest-rate-revocation-england-order-2015/pdf/uksi_20150014_en.pdf

## Introductory text

Housing, England
Made 5th January 2015
Coming into force 4th February 2015
The Secretary of State in exercise of the power conferred by paragraph 3(5)(b) of Schedule 10 to the Housing Act 2004 makes the following Order:

## 1 Citation, commencement and application

This Order may be cited as the Housing (Tenancy Deposits) (Specified Interest Rate) (Revocation) (England) Order 2015 and shall come into force on 4th February 2015.

## 2 Citation, commencement and application

This Order applies in relation to England only.

## 3 Revocation

The Housing (Tenancy Deposits) (Specified Interest Rate) Order 2007 is revoked in England.

## Signature

Signed by authority of the Secretary of State for Communities and Local Government
Brandon Lewis
Minister of State
Department for Communities and Local Government
5th January 2015

## Explanatory note

(This note is not part of the Order)
This Order revokes the Housing (Tenancy Deposits) (Specified Interest Rate) Order 2007 (“the 2007 Order”) in England only. The 2007 Order specifies the rate of interest payable by a custodial tenancy deposit scheme on amounts of deposits repaid to tenants and landlords by the scheme at the end of a tenancy. The 2007 Order was only relevant so long as the arrangements under section 212(1) of the Housing Act 2004 (c.34) - that is, the arrangements under which the tenancy deposit schemes are established - provided for deposits repaid to tenants and landlords to be paid with interest. In England, those arrangements were changed in 2010 to provide that such amounts were no longer required to be paid with interest. The 2007 Order is therefore redundant in England.
A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2015/14 (the official version)
Page: https://openlegislation.uk/housing-tenancy-deposits-specified-interest-rate-revocation-england-order-2015
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.