Section 47: Deposit schemes: interpretation

Renting Homes (Wales) Act 2016 · 2016 c.1

Part 3: PROVISIONS APPLYING TO ALL OCCUPATION CONTRACTS — CHAPTER 4: DEPOSITS AND DEPOSIT SCHEMES

47(1)

In this Act—

  • "authorised deposit scheme" ("cynllun blaendal awdurdodedig") means a deposit scheme in force in accordance with arrangements under paragraph 1 of Schedule 5 (and "deposit scheme" ("cynllun blaendal") has the meaning given in sub-paragraph (2) of that paragraph);

  • "deposit" ("blaendal") means money paid as security;

  • "initial requirements" ("gofynion cychwynnol"), in relation to an authorised deposit scheme, means the requirements of the scheme which must be complied with by the landlord when a deposit is paid;

  • "security" ("sicrwydd") means security for the performance of the contract-holder's obligations and the discharge of the contract-holder's liabilities.

47(2)

In this Act references to a deposit, in relation to a time after a deposit has been paid, are to a sum representing the deposit.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.