Call me back

Landlords Is Your Property Management Agent Compliant Under Client Money Protection?

Thu 01 Apr 2021

The Government's grace period for the mandatory requirement for letting agents to hold landlord and tenant money within a client bank account as part of Client Money Protection Regulations became law today, the 1st April 2021.

Agents failing to administer client money through a segregated client account will be found to be trading illegally and face expulsion from their Client Money Protection Schemes.

Paula Cunningham Co-Director of Living Property states, “Since we opened for business nearly 14 years ago we recognised the importance of operating a regulated business in a trusted fashion and this is why we joined the Government's National Approved Lettings Scheme, which in recent years rebranded to ‘SafeAgent’.”

“Our SafeAgent accreditation requires our accounts to be independently reviewed and certified annually by a Chartered Accountant and for all client monies to be handled via an insured client account. Whilst this adds sizable operating costs to Living Property it does mean that our many hundreds of landlords and tenants have valuable peace-of-mind and security against loss.” 

Landlords and tenants should not assume that their agent is compliant with Client Money Protection Regulations and its recommended that agents are asked which accreditation scheme they belong to, the two main ones being SafeAgent and ARLA PropertyMark.

"Have dealt with Cassie throughout my tennancy and she has always been helpful and lovely! highly recommend them. thanks guys"
L Levy (tenant)

News Archive

July 2022

Smoke and carbon monoxide alarms compulsory from 1 October 2022

November 2021

Property Auctions Through A Lawyers Eyes

HM Land Registry FREE Property Alert Service

June 2021

Changes to Right to Rent Checks

Living Property - Gold Winners Best Estate Agent Beccles and Lowestoft 2021

May 2021

Changes in Eviction Notices

April 2021

Sense Check Your Property Sales Valuation

Case Study - Divesting Residential Buy to Let with Tenant in Situ

Landlords Is Your Property Management Agent Compliant Under Client Money Protection?

March 2021

First Time Buyer 95% Mortgage Guarantee Scheme

Temporary Stamp Duty Land Tax (SDLT) England & Northern Ireland 2021

January 2021

What's Best Market My Property First Or Find My New Home First

Home Exchange a viable alternative to the traditional move

Executors Selling Property - Private Treaty or Auction

Living Property Off-Market Sales Service

December 2020

Off Mains Drainage Regulations selling a property with a septic tank

Strategies For Divesting Residential Buy-to-Let Investment Property

Government Advice On Home Moving Under Covid Pandemic

Living Property Team Up With The Moving Hub's UK National Property Survey Services

Living Property Team up with The Moving Hub’s Conveyancing Services

Selling Property By Auction

When Is The Best Time of Year To Sell My Home

LivingProperty British Property Awards 2020 - 2021 Winners Beccles and Lowestoft

November 2020

LIVING PROPERTY HAS EXPANDED

July 2020

Electrical Regulation July 2020

Covid 19 Information


Living Property fully adheres to the Government's COVID safe working regulations at all times.

 

The safety of our customers and staff is our number one priority. Please stay Safe 


For more information please see our full details here


Covid 19 Information Hide