Queensland Consolidated Acts

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RESIDENTIAL TENANCIES AND ROOMING ACCOMMODATION ACT 2008 - SECT 159

Payment of holding deposits

159 Payment of holding deposits

(1) A person may require a prospective tenant to pay, or accept from a prospective tenant, a holding deposit for a tenancy of premises.
(2) However, a person must not do either of the following during the option period relating to the payment of a holding deposit by a prospective tenant for the same premises
(a) require another prospective tenant to pay a holding deposit;
(b) accept a holding deposit from another prospective tenant.
Penalty—
Maximum penalty—20 penalty units.
(3) In this section—

"option period" , for an option created by the payment of a holding deposit, means—
(a) the period stated in the receipt for the payment as the period in which the option may be exercised; or
(b) if a period is not stated—the period ending 48 hours after the receipt is given.



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