SCHEDULES
SCHEDULE 10Provisions relating to tenancy deposit schemes
Custodial schemes: termination of tenancies
I14
1
A custodial scheme must make provision—
a
for enabling the tenant and the landlord under a shorthold tenancy in connection with which a tenancy deposit is held in accordance with the scheme to apply, at any time after the tenancy has ended, for the whole or part of the relevant amount to be paid to him, and
b
for such an application to be dealt with by the scheme administrator in accordance with the following provisions of this paragraph.
2
Sub-paragraph (3) applies where the tenant and the landlord notify the scheme administrator that they have agreed that the relevant amount should be paid—
a
wholly to one of them, or
b
partly to the one and partly to the other.
3
If, having received such a notification, the scheme administrator is satisfied that the tenant and the landlord have so agreed, the scheme administrator must arrange for the relevant amount to be paid, in accordance with the agreement, within the period of 10 days beginning with the date on which the notification is received by the scheme administrator.
4
Sub-paragraph (5) applies where the tenant or the landlord notifies the scheme administrator that—
a
a court has decided that the relevant amount is payable either wholly to one of them or partly to the one and partly to the other, and
b
that decision has become final.
F14A
Sub-paragraph (5) also applies where the tenant or the landlord notifies the scheme administrator that a person acting as an adjudicator under the provision made under paragraph 10 has made a binding decision that the relevant amount is payable either wholly to one of them or partly to one and partly to the other.
5
If, having received F2a notification as mentioned in sub-paragraph (4) or (4A), the scheme administrator is satisfied as to the matters mentioned in F3that sub-paragraph, the scheme administrator must arrange for the relevant amount to be paid, in accordance with the decision, within the period of 10 days beginning with the date on which the notification is received by the scheme administrator.
6
For the purposes of this Schedule a decision becomes final—
a
if not appealed against, at the end of the period for bringing an appeal, or
b
if appealed against, at the time when the appeal (or any further appeal) is disposed of.
7
An appeal is disposed of—
a
if it is determined and the period for bringing any further appeal has ended, or
b
if it is abandoned or otherwise ceases to have effect.
8
In this paragraph “the relevant amount” has the meaning given by paragraph 3(7).