RESIDENTIAL TENANCIES ACT 1997 - SECT 71ED Security deposit must be lodged with Territory

RESIDENTIAL TENANCIES ACT 1997 - SECT 71ED

    (1)     A security deposit payable under an occupancy agreement, other than an education provider occupancy agreement, must be deposited with the Territory.

    (2)     The deposit must be accompanied by a written notice that states—

        (a)     the names of, and addresses for service on, the occupant and the grantor; and

        (b)     the amount of security deposit being deposited.

    (3)     If the Territory accepts the amount of the security deposit, the Territory must—

        (a)     give the occupant a receipt for the amount; and

        (b)     give the occupant and grantor a copy of the notice under subsection (2).

    (4)     If the Territory accepts the security deposit, the applied provisions apply in relation to the occupancy agreement as if—

        (a)     the amount had been received by the Territory under part 3 (Bonds); and

        (b)     the occupancy agreement were a residential tenancy agreement; and

        (c)     the occupant were a tenant under the agreement; and

        (d)     the grantor were the lessor under the agreement; and

        (e)     any dispute between the occupant and the grantor about the security deposit were a tenancy dispute; and

        (f)     any other necessary changes, and any changes prescribed by regulation, were made.

    (5)     In this section:

"applied provisions" means the following provisions:

        (a)     section 27 (Payment of bond money into trust account);

        (b)     section 28 (Interest on amounts in trust account);

        (c)     division 3.4 (Release of bond money).

"education provider occupancy agreement "means an occupancy agreement in relation to premises in a residential facility associated with, or on the campus of, or provided under an arrangement with, an education provider.