Commentary on Sections Part 3 - Provisions Applying to All Occupation Contracts Chapter 4 - Deposits and Deposit Schemes Section 43 – Form of security
153.If this section is incorporated as a term of the contract without modification, where a contract-holder is required by the landlord to pay a deposit in relation to a dwelling, the landlord can only ask for this deposit in the form of money or a guarantee, for example, a deposit guarantee scheme provided by a local authority for those unable to afford a deposit.