We’re a member of Client Money Protect, so you as a Landlord or Tenant have peace of mind that you’re protected every step of the way.
Client Money Protection (CMP) ensures that the money a landlord or tenant pays to us is safely protected whilst it remains in our custody. Examples of client money can include tenants’ deposits (before and after they’re protected), landlords’ repair funds, rents, service charges and arbitration fees.
Similar to ATOL or ABTA in the travel industry, CMP is there to protect you.
We also operate and maintain a separate a Client Money Account with our bank, where all client money is held separately from operating funds.
We ensure our landlord or tenant’s money is safe and secure. Therefore, in the unlikely event that anything should happen, they have peace of mind that they can make a claim from our CMP scheme for its return.
Posted April 15th, 2019 by propertyrung