Common use of Rent deposits Clause in Contracts

Rent deposits. If there is a relevant assured shorthold tenancy in relation to the Property, the Seller and the Buyer must comply with their respective legal duties in relation to tenancy deposit protection. The parties must demonstrate to each other in writing that they have complied, if requested. If the Seller holds a deposit, the Seller must assign it to the Buyer or, if this is not possible, hold it on trust for the Buyer from the completion date.

Rent deposits. If there is there’s a relevant assured shorthold tenancy in relation to the Propertytenancy, the Seller you and the Buyer must comply with their your respective legal duties in relation to tenancy deposit protection. The parties must You have to demonstrate to each other in writing that they you have complied, if requested. If the Seller holds you hold a deposit, the Seller you must assign it to the Buyer or, if this is not possible, hold it on trust for the Buyer from the completion date.

Rent deposits. If there is a isa relevant assured shorthold tenancy in relation to the Property, the Seller and the Buyer must comply with their respective legal duties in relation to tenancy deposit protection. The parties must demonstrate to each other in writing that they have complied, if requested. If the Seller holds a deposit, the Seller must assign it to the Buyer or, if this is not possible, hold it on trust for the Buyer from the completion date.