34CBond release application—application by lessor

34C Bond release application—application by lessor (1) A lessor may make a bond release application to the Territory— (a) if— (i) the lessor had given a tenant a bond release application form under section 34 (Bond release application—lessor’s obligations); and (ii) the tenant has not given the signed bond release application to the Territory or lessor within 10 days or any longer period prescribed by regulation; or (b) if, despite taking reasonable steps to do so, the lessor has been unable to give a bond release application form to a tenant under section 34. (2) On receiving a bond release application from the lessor, the Territory to the tenant; and (b) if the Territory does not receive a notice disputing the application from the tenant within 2 weeks after the day the tenant was given the notice of application—pay out of the trust account in accordance with the application the amount claimed as bond in the application.