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Leases (Commercial and Retail) Act 2001
42Dealings with bonds
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42 Dealings with bonds
If the lessor requires the tenant to pay a bond—
(a) the bond must be held by the lessor in trust for the tenant in an
account that attracts interest; and
(b) the lessor must account to the tenant for interest earned on the
bond, but the lessor is entitled to keep the interest and deal with
it as an amount paid by the tenant to the lessor as part of the
bond; and
(c) the lessor may only use the bond money in accordance with
section 43.