Nominated Tenant definition
Examples of Nominated Tenant in a sentence
The parties forming the Tenant declare that the Nominated Tenant should represent all of them in any decisions regarding the Deposit and that the decision of the Nominated Tenant will be binding on all the parties forming the Tenant in this tenancy agreement, subject to the Custodial Terms and Conditions of The DPS.
If a Relevant Person has contributed to the Deposit, the Nominated Tenant also acts on their behalf.
That Tenant will be the Nominated Tenant, and will be responsible for representing the interests of all Joint Tenants (and any Relevant Person).
If there is only one Tenant in a property, that Tenant will also be the Nominated Tenant.
The Nominated Tenant must submit repayment instructions on behalf of all of the Joint Tenants whether online, by phone or using the paper process.
From then on instructions will only be accepted if they have been authenticated by the Nominated Tenant either by entering the Nominated Tenant’s account information when using the online service, or by answering security questions when using the Customer Service Centre or their signature when using the paper process.
If any sums from the Deposit are not claimed for deduction by the Landlord they will be released to the Tenant, Nominated Tenant or Joint Tenants (as applicable) within 5 Working Days after confirmation of the repayment method has been made by the Nominated Tenant.
Alternatively, if there is a Joint Tenancy, the Nominated Tenant is the person who confirms to us that they will act on behalf of all Joint Tenants in any dealings with us, the Landlord or Letting Agent or Organisation.
The parties forming the Tenant declare that the Nominated Tenant should represent all of them in any decisions regarding the Deposit and that the decision of the Nominated Tenant will be binding on all the parties forming the Tenant in this tenancy agreement, subject to the rules of the scheme.
From then on instructions will only be accepted if they have been authenticated by the Nominated Tenant either by entering the Nominated ▇▇▇▇▇▇’s account information when using the online service, or by answering security questions when using the Customer Service Centre or their signature when using the paper process.