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SCHEDULE 2E+WTreatment of Holding Deposit

ExceptionsE+W

9E+WParagraph 3(b) does not apply in relation to a holding deposit paid to a landlord if—

(a)the landlord takes all reasonable steps to enter into a contract before the deadline for agreement, but

(b)the contract-holder fails to take all reasonable steps to enter into a contract before that date.

Commencement Information

I1Sch. 2 para. 9 in force at 1.9.2019 by S.I. 2019/1150, art. 2(d)