Changes over time for: Cross Heading: Security deposit
Status:
Point in time view as at 01/09/2019.
Changes to legislation:
There are currently no known outstanding effects for the Renting Homes (Fees etc.) (Wales) Act 2019, Cross Heading: Security deposit.![Help about Changes to Legislation](/images/chrome/helpIcon.gif)
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Changes to Legislation
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Security depositE+W
2(1)A payment of a security deposit is a permitted payment.E+W
(2)In this Act, “security deposit” means money paid as security for—
(a)the performance of any obligations of a contract-holder, or
(b)the discharge of any liability,
arising under or in connection with an occupation contract.
(3)But if the amount of the security deposit exceeds the prescribed limit, the amount of the excess is a prohibited payment.
(4)In sub-paragraph (3), the “prescribed limit” means a limit specified by, or determined in accordance with, regulations.
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