Q&As

What are you to do with a statutory deposit held as stakeholder pursuant to paragraph 2, Schedule 2 to the Leasehold Reform (Collective Enfranchisement and Lease Renewal) Regulations 1993, SI 1993/2407 when your landlord client disinstructs you?

read titleRead full title
Produced in partnership with Carl Fain of Tanfield Chambers
Published on LexisPSL on 23/05/2018

The following Property Q&A produced in partnership with Carl Fain of Tanfield Chambers provides comprehensive and up to date legal information covering:

  • What are you to do with a statutory deposit held as stakeholder pursuant to paragraph 2, Schedule 2 to the Leasehold Reform (Collective Enfranchisement and Lease Renewal) Regulations 1993, SI 1993/2407 when your landlord client disinstructs you?

You may wish to continue to hold it as stakeholder. As a stakeholder, you are holding the deposit to the order of both the landlord and tenant and which means you are bound to pay it to them as they jointly direct or when an event occurs that pe

Related documents:

Popular documents