SCHEDULES
SCHEDULE 2Treatment of holding deposit
3Requirement to repay holding deposit
Subject as follows, the person who received the holding deposit must repay it if—
a
the landlord and the tenant enter into a tenancy agreement relating to the housing,
b
the landlord decides before the deadline for agreement not to enter into a tenancy agreement relating to the housing, or
c
the landlord and the tenant fail to enter into a tenancy agreement relating to the housing before the deadline for agreement.