Client Money Protection
The Client Money Protection Scheme was brought into effect in March 2019, making it compulsory for all agents to belong to a government approved CMP scheme. One of the primary campaigners for the legislation, the Association of Residential Lettings Agents (ARLA) estimated that £2.7 Billion pounds was held with as much as £700,000 not being protected.
Written by: Toby Dawson