It is mandatory for all estate agents and letting agents that hold clients’ money, to have client money protection. The Propertymark Client Money Protection (CMP) Scheme provides compensation to landlords, tenants and other clients should there ever be a misappropriation of their rent, deposit or other client funds. The best way to ensure money is kept safe if something goes wrong is to always choose an agent who is a member of Propertymark. Propertymark is raising standards in the property industry, giving you the peace of mind that comes with Propertymark Protection.
