NTIn ForceAct
Residential Tenancies Act 1999
34Security deposit may be transferred to new agent
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34 Security deposit may be transferred to new agent
If a person licensed as a real estate agent under the Agents
Licensing Act 1979 (in this section referred to as the former agent)
transfers his or her real estate business, the security deposit held
on behalf of a tenant by the former agent and transferred with the
business is assigned to the person to whom the business is
transferred as if he or she were the former agent.