Common use of Background – Xxx Xxxxxxx Xxx 0000 Clause in Contracts

Background – Xxx Xxxxxxx Xxx 0000. a. If you are a Landlord in England and Wales and you enter into a Tenancy and take a Deposit from your Tenant on or after 6 April 2007, or you renew an existing Tenancy whether on the same or on different terms to the previous Tenancy, the Deposit must be protected in a Government authorised tenancy deposit scheme. This rule only applies if the tenancy is an assured shorthold tenancy.