Deposit

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Possible amendment to the CMP Regulations

On 3 February the government laid new legislation before Parliament to amend the Client Money Protection Regulations which came into force on 1 April 2019. If the Client Money Protection (CMP) Schemes for Property Agents (Approval and Designation of Schemes) (Amendment) Regulations 2020 come into force they will amend the requirement for agents to open […]

Failing to safeguard deposits

An Exeter lettings agent has been disqualified for 6 years after failing to safeguard more then £68,000 in tenancy deposits. The agency operated a custodial deposit scheme in accordance with the Housing Act 2004 and held the deposits on behalf of their landlords. However, from around June 2016 to April 2019 the agency failed to […]

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