16EProvisions in leases relating to security bonds

#### 16E Provisions in leases relating to security bonds 16E Provisions in leases relating to security bonds > > (1) No one (other than the Secretary) is, in respect of any period after the date that an amount of money equivalent to the amount of a security bond is deposited with the Secretary, entitled to receive interest in respect of the bond. > > > (2) (Repealed) > > > (3) If, but for this Part, a lessor or lessee would have a claim against a security bond under the terms and conditions of a lease for an amount that cannot be recovered under any other provision of those terms and conditions— > > > > > (a) the lessor may recover from the lessee as a debt an amount equivalent to the amount of the claim that the lessor would have had against that security bond, and > > > > > (b) the lessee may recover from the lessor as a debt an amount equivalent to the amount of the claim that the lessee would have had against that security bond. > > **s 16E:** Ins 2005 No 90, Sch 1 \[22\]. Am 2017 No 2, Sch 1 \[29\] \[36\].