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Paragraph 4 I1

A holding deposit is an amount which—

(a)

before the grant of a standard occupation contract, is paid to a landlord or a letting agent;

(b)

is paid for the purpose of reserving a right of first refusal in relation to the granting of the contract, subject to suitability checks to be carried out as to the prospective contract-holder and agreement between the parties to enter into the contract;

(c)

does not exceed an amount equivalent to one week's rent under the contract.

Annotations

Commencement

I1

Sch. 1 para. 4 in force at 1.9.2019 by S.I. 2019/1150, art. 2(c)

Notes on the whole Act

Textual amendments

F1

Title substituted (1.6.2026) by Renters’ Rights Act 2025 (c. 26), ss. 45(2), 145(3) (with s. 138); W.S.I. 2026/6, art. 2(c)