Any tenancy deposit paid to a person in connection with a shorthold tenancy must, as from the time when it is received, be dealt with in accordance with an authorised scheme.
No person may require the payment of a tenancy deposit in connection with a shorthold tenancy which is not to be subject to the requirement in subsection (1).
Where a landlord receives a tenancy deposit in connection with a shorthold tenancy, the initial requirements of an authorised scheme must be complied with by the landlord in relation to the deposit within the period of 30 days beginning with the date on which it is received.
For the purposes of this section "the initial requirements" of an authorised scheme are such requirements imposed by the scheme as fall to be complied with by a landlord on receiving such a tenancy deposit.
A landlord who has received such a tenancy deposit must give the tenant and any relevant person such information relating to—
as may be prescribed.
The information required by subsection (5) must be given to the tenant and any relevant person—
No person may, in connection with a shorthold tenancy, require a deposit which consists of property other than money.
In subsection (7) "deposit" means a transfer of property intended to be held (by the landlord or otherwise) as security for—
arising under or in connection with the tenancy.
The provisions of this section apply despite any agreement to the contrary.
In this section—
"prescribed" means prescribed by an order made by the Secretary of State;
"property" means moveable property;
"relevant person" means any person who, in accordance with arrangements made with the tenant, paid the deposit on behalf of the tenant.

