This Client Money Policy for Property Management Companies (England) is
designed for use by property management companies which operate in England.
The policy sets out, for the benefit of both staff and clients, how the
company will deal with the receipt, banking and payment of client money.
This template policy includes a definition of client money, requires the
property management company and its staff to comply with legal and
professional regulatory obligations and contains provisions regarding
client bank accounts.
This Client Money Policy includes provisions relating to the Client Money
Protection Schemes for Property Agents (Requirement to Belong to a Scheme
etc) Regulations which are due to come into force on the 01 April 2019 and
which make it compulsory for all companies managing tenancies in England
and handle client money to be a member of a government approved Client
Money Protection Scheme.
Optional phrases/clauses are enclosed in square brackets. These should be
read carefully and selected so as to be compatible with one another. Unused
options should be removed from the document.
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highlighted fields or adjust the wording to suit your purposes.
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