Paragraph 5 I1
The person who received the holding deposit must repay it if—
that person believes that any of paragraphs 8 to 12 applies in relation to the deposit, but
that person does not give the person who paid the deposit a notice in writing within the relevant period explaining why the person who received it intends not to repay it.
In sub-paragraph (1) “the relevant period” means—
where the landlord decides not to enter into a tenancy agreement before the deadline for agreement, the period of 7 days beginning with the date on which the landlord decides not to do so;
where the landlord and tenant fail to enter into a tenancy agreement before the deadline for agreement, the period of 7 days beginning with the deadline for agreement.
Annotations
Commencement
- I1
Sch. 2 para. 5 in force at 1.6.2019 by S.I. 2019/857, reg. 3(aa)