Return of key bond to long‑stay tenant
100 Return of key bond to long‑stay tenant
In this section —
key bond means an amount paid under former section 21(2)(b) by way of security for keys, remote control entry devices or other security devices provided by the park operator for the use of a long‑stay tenant.
If a park operator received a key bond, the park operator must pay the amount to the long‑stay tenant —
if the long‑stay agreement for which the key bond is paid is renewed within 18 months after commencement day — as soon as practicable after the renewal; or
when the amount is transferred to the bond administrator or paid to the tenant under section 101(2) — within 18 months after commencement day; or
in any other case — within 18 months after commencement day.
[Section 100 inserted: No. 28 of 2020 s. 84.]
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.