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Client Money Protection compulsory as of today

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As of 1st April 2019 all PRS letting agents are required to carry Client Money Protection (CMP) which safeguards Landlords and tenants against an agent going into liquidation or absconding with rental payments, deposit or other client funds.

A fine of £30,000 can now be imposed upon any agent not found to be a member of a government approved CMP scheme.

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