Requirement to repay holding depositE+W
3E+WSubject as follows, the person who received the holding deposit must repay it if—
(a)the parties enter into the contract before the deadline for agreement, or
(b)the parties fail to enter into the contract before the deadline for agreement.
Commencement Information
I1Sch. 2 para. 3 in force at 1.9.2019 by S.I. 2019/1150, art. 2(d)
4E+WThe deposit must be repaid within the period of 7 days beginning with—
(a)where paragraph 3(a) applies, the day on which the contract is made, or
(b)where paragraph 3(b) applies, the deadline for agreement.
Commencement Information
I2Sch. 2 para. 4 in force at 1.9.2019 by S.I. 2019/1150, art. 2(d)