Stakeholder. Stakeholder shall mean the party holding the Deposit during the tenancy as defined in 1.8.2, who holds the deposit as a quasi-trustee on behalf of both parties. Whenever possible the agreement of both parties should be obtained (in writing) as to how the deposit is to be disbursed. Under the rules of the TDS Scheme if there is a dispute the stakeholder cannot release the deposit (or the disputed part of it) and must submit to the ICE for disbursement following his adjudication.
Appears in 4 contracts
Sources: Assured Shorthold Tenancy Agreement, Tenancy Agreement, Assured Shorthold Tenancy Agreement