Client Money Protection

Propertymark want to raise standards in the industry and their Client Money Protection (CMP) scheme is an integral part of this.

The scheme reimburses landlords, tenants and other clients should an agent misappropriate their rent, deposit or other client funds.

It is mandatory for all Principal, Partner or Director (PPD) member firms to have CMP for every company that acts as an agency in property (including chattels auctioning) and handles client money or uses a third-party to oversee client money.

MMPL Landscape Background Reduced