259. Payment of rent by standing order or by electronic transfer.

The landlord and tenant may agree that payment of the rent may be made by standing order from the tenant's bank to the landlord's bank. It is also possible for a landlord to waive his right to accept cash1 by directing the tenant to pay the rent into his bank account2. Where this occurs, payment is made when the money is transferred to the landlord's account and not when the landlord's bank notifies the landlord that payment has been made3.

Where the tenant transfers money to the landlord's account, it will not be taken as having been accepted if it