# The Leasehold Reform (Enfranchisement and Extension) Regulations 1967, Paragraph 1: Payment of deposit


At any time after receipt of the tenant's notice the landlord may, by notice in writing given to the tenant, require a sum equal to three times the annual rent for the property payable under his tenancy (or, in the case of a notice given under section 34 of the Act, the former long tenancy) or £25, whichever is the greater, to be deposited with the landlord, or a person nominated by him in the notice as his agent or as stakeholder, on account of the price payable for the property and any other sums payable by a tenant in accordance with the provisions of the Act; and the tenant shall, within 14 days of the giving of the notice, pay the sum demanded to the landlord or person nominated by him.

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Source: https://www.legislation.gov.uk/uksi/1967/1879/schedule/paragraph/1 (the official version)
Page: https://openlegislation.uk/leasehold-reform-enfranchisement-and-extension-regulations-1967/schedule/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.