(1) When the amount of
rent payable under a long-stay agreement is increased, the park operator may
increase the amount of the security bond payable by the long-stay tenant by
giving the tenant a written notice specifying the amount of the increase and
the day on which it is payable.
(2) The day specified
in the notice on which the bond is payable is to be at least 60 days
after the day on which the notice is given.
(3) A security bond
cannot be increased to an amount that would exceed the sum of —
(a) 4
weeks’ rent under the long-stay agreement at the time at which the
amount of the increase would be payable; and
(b) if a
pet bond is payable — the maximum amount chargeable under
section 21(2)(c).
(4) A notice of
increase of the amount of security bond that has been given in accordance with
this section and that has not been withdrawn by the park operator varies the
long-stay agreement to the effect that the amount of the increase specified in
the notice is payable under the agreement on the day specified in the notice.
(5)
Sections 21(3), 22 and 23 apply to an amount paid under this
section.