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Consultation Outcome Published 1 Apr 2018 Ministry of Housing, Communities and Local Government ↗ View on GOV.UK

Mandatory client money protection schemes for property agents

We are seeking views on how membership of mandatory client money protection schemes in England should be designed, implemented and enforced.

Opened 1 Nov 2017
Closed 13 Dec 2017
▤ Verbatim text from source document

Client money protection schemes give landlords and tenants confidence that their money is safe when it is being handled by an agent. Where an agent is a member of a client money protection scheme, it enables a tenant, landlord or both to be compensated if all or part of their money is not repaid.

This consultation paper invites views and comments on how membership of mandatory client money protection schemes for letting and managing agents in England should be designed, implemented and enforced.