Since 1st April 2019, it has been a mandatory requirement for all letting and property management agents that handle client money in England to become a member of a government approved CMP scheme.
Client money protection (CMP) is an insurance product for Letting and Property Management agents. CMP protects tenants and landlords from misappropriation of client monies by the agent – for example, theft of client monies by a Director, Principal or Partner.
UKALA CMP is insured by Hiscox, one of the best names in the industry.
See more information on the .gov website here
