The Propertymark Client Money Protection (CMP) Scheme reimburses landlords, tenants and other clients should an agent misappropriate their rent, deposit or other client funds.
Client Account Reporting
Members who are a Principal, Partner or Director of a property company that handles client money or entrusts the handling of its client’s money to an unnamed Client Accounting Service Provider (CASP) must have their client account inspected. Accounts are inspected through supplying an Accountant’s Report completed by a chartered/certified accountant or through The Letting Partnership’s HealthCheck. For more information regarding client account reporting please click on this link: https://www.propertymark.co.uk/working-in-the-industry/member-requirements/client-account-reporting/