SCHEDULES
SCHEDULE 2Treatment of holding deposit
12Exceptions
Subject to paragraph 13, paragraph 3(c) does not apply where the deposit is paid to the letting agent if—
a
the agent takes all reasonable steps to assist the landlord to enter into a tenancy agreement before the deadline for agreement, and
b
the landlord takes all reasonable steps to enter into a tenancy agreement before that date, but
c
the tenant fails to take all reasonable steps to enter into a tenancy agreement before that date.