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{
    "id": 1164169,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1164169/?format=api",
    "text_counter": 96,
    "type": "speech",
    "speaker_name": "Sen. Olekina",
    "speaker_title": "",
    "speaker": {
        "id": 407,
        "legal_name": "Ledama Olekina",
        "slug": "ledama-olekina"
    },
    "content": "Let me proceed further and reiterate on one other important issue relating to the tenancy agreement. Every time there is a tenancy agreement, a deposit is always paid. Most landlords in this country look forward to getting deposits so that they spend the money. It behooves us, as legislators, to look at what happens around the world in terms of protecting that deposit. In countries like the USA where I lived for so many years, there are normally laws that govern the tenancy deposits. There are two areas where you are supposed to protect that tenancy deposit. It could either be custodial or an interest-based tenancy deposit security where the landlord is supposed to protect that deposit in a government-backed deposit scheme. If it is a government-backed deposit scheme, if you decide to make it custodial, they earn interest and it pays them to be able to protect that deposit. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}