30Increase in security deposit

30 Increase in security deposit (1) If rent in relation to a tenancy agreement has been increased under this Act, the landlord may by written notice require the tenant to pay an amount by way of security deposit that will increase the total of all amounts paid by the tenant as a security deposit in relation to the tenancy to not more than the amount payable for a week's rent at the increased rate multiplied by 4. (2) Subsection (1) only applies if the notice is given after 2 years after a security deposit was given or a security deposit was last increased under this section in relation to the tenancy agreement. (3) If the security deposit payable under a tenancy agreement is increased under this section, the terms of the bond are varied accordingly. Residential Tenancies Act 1999 23