§ 19T — Duty to replenish security deposit

19T.—(1) This section applies where the PTO’s landlord draws down, during the specified period, the security deposit for any purpose mentioned in section 19S(1).(2) Where the landlord makes a drawdown mentioned in subsection (1) during the period starting on 1 February 2020 and ending on the date immediately before the appointed date, the PTO must —(a)

in the case where the landlord draws down the security deposit fully — replenish the security deposit by an amount representing one month of rent; or

(b)

in the case where the landlord draws down the security deposit partially and the balance of the security deposit is less than one month rent — replenish the security deposit so that the balance of the security deposit amounts to one month of rent.

(3) Subject to subsection (2), where the PTO gives a notice to the landlord under section 19P (on a statutory repayment schedule), the PTO’s obligation under the lease agreement to replenish the security deposit (after the landlord’s drawdown of the security deposit for any purpose mentioned in section 19S(1)) does not have effect until the earlier of the following:(a)

the expiry of the prescribed period mentioned in section 19P(2)(d)(i);

(b)

the cessation of the statutory repayment schedule under section 19Q.

(4) To avoid doubt, subsection (3) does not impose any obligation on the PTO to replenish the security deposit if the lease agreement is not in force when —(a)

the prescribed period mentioned in section 19P(2)(d)(i) expires; or

(b)

the statutory repayment schedule ceases to have effect under section 19Q.[Act 29 of 2020 wef 31/07/2020]

—(1) This section applies where the PTO’s landlord draws down, during the specified period, the security deposit for any purpose mentioned in section 19S(1).

(2) Where the landlord makes a drawdown mentioned in subsection (1) during the period starting on 1 February 2020 and ending on the date immediately before the appointed date, the PTO must —(a)

in the case where the landlord draws down the security deposit fully — replenish the security deposit by an amount representing one month of rent; or

(b)

in the case where the landlord draws down the security deposit partially and the balance of the security deposit is less than one month rent — replenish the security deposit so that the balance of the security deposit amounts to one month of rent.

(3) Subject to subsection (2), where the PTO gives a notice to the landlord under section 19P (on a statutory repayment schedule), the PTO’s obligation under the lease agreement to replenish the security deposit (after the landlord’s drawdown of the security deposit for any purpose mentioned in section 19S(1)) does not have effect until the earlier of the following:(a)

the expiry of the prescribed period mentioned in section 19P(2)(d)(i);

(b)

the cessation of the statutory repayment schedule under section 19Q.

(4) To avoid doubt, subsection (3) does not impose any obligation on the PTO to replenish the security deposit if the lease agreement is not in force when —(a)

the prescribed period mentioned in section 19P(2)(d)(i) expires; or

(b)

the statutory repayment schedule ceases to have effect under section 19Q.[Act 29 of 2020 wef 31/07/2020]