Common use of Details on the Deposit of Moneys Clause in Contracts

Details on the Deposit of Moneys. The Agent shall deposit moneys received in respect of the tenancy into the Agents Client Account in accordance with the Property Services (Regulation) Act 2011 (Client Moneys) Regulation 2012. The deposit to be sought by the Agent shall be <DEPOSIT AMOUNT> OR <METHOD TO CALCULATE IT> and must be received by the Agent <WHEN DEPOSIT SHOULD BE RECEIVED>. Any moneys paid by a person to the Agent by way of a “booking deposit” to secure the tenancy will be held in the Agent's "Client Account". When the person enters the tenancy, the “booking deposit” shall be paid to the Client as part of the rental payment. Where no tenancy is entered into, the “booking deposit” shall be refunded in full to the payee. Any moneys paid by a person to the Agent as a “security deposit” to be held against breaches of the tenancy, such as damages or non-payment of rent, will be paid into the Agent’s "client account". The “security deposit” shall be <paid to the Client once the tenant has entered into the tenancy> OR <held by the Agent as directed by the Client. The Agent shall advise the tenant where the security deposit is held and who is responsible for the refund of the security deposit at the determination of the lease.>

Details on the Deposit of Moneys. The Agent shall deposit moneys received in respect of the tenancy into the Agents Client Account in accordance with the Property Services (Regulation) Act 2011 (Client Moneys) Regulation 2012. The deposit to be sought by the Agent shall be <DEPOSIT AMOUNT> OR <METHOD TO CALCULATE IT> and must be received by the Agent <WHEN DEPOSIT SHOULD BE RECEIVED>. Any moneys paid by a person to the Agent by way of a “booking deposit” to secure the tenancy will be held in the Agent's "Client Account". When the person enters the tenancy, the “booking deposit” shall be paid to the Client as part of the rental payment. Where no tenancy is entered into, the “booking deposit” shall be refunded in full to the payee. Any moneys paid by a person to the Agent as a “security deposit” to be held against breaches of the tenancy, such as damages or non-payment of rent, will be paid into the Agent’s "client account". The “security deposit” shall be <paid to the Client once the tenant has entered into the tenancy> OR <held by the Agent as directed by the Client. The Agent shall advise the tenant where the security deposit is held and who is responsible for the refund of the security deposit at the determination of the lease.>

Details on the Deposit of Moneys. The Agent shall deposit moneys received in respect of the tenancy into the Agents Client Account in accordance with the Property Services (Regulation) Act 2011 Xxx 0000 (Client Moneys) Regulation 2012. The deposit to be sought by the Agent shall be <DEPOSIT AMOUNT> OR <METHOD TO CALCULATE IT> and must be received by the Agent <WHEN DEPOSIT SHOULD BE RECEIVED>. Any moneys paid by a person to the Agent by way of a “booking deposit” to secure the tenancy will be held in the Agent's "Client Account". When the person enters the tenancy, the “booking deposit” shall be paid to the Client as part of the rental payment. Where no tenancy is entered into, the “booking deposit” shall be refunded in full to the payee. Any moneys paid by a person to the Agent as a “security deposit” to be held against breaches of the tenancy, such as damages or non-payment of rent, will be paid into the Agent’s "client account". The “security deposit” shall be <paid to the Client once the tenant has entered into the tenancy> OR <held by the Agent as directed by the Client. The Agent shall advise the tenant where the security deposit is held and who is responsible for the refund of the security deposit at the determination of the lease.>