Client Money Policy for Property Management Companies (England)

This template Client Money Policy is designed for property management companies that operate in England. It sets out, for the benefit of both staff and clients, how the company will deal with the receipt, banking and payment of client money.

What this template policy covers

This template policy includes a definition of client money. This template policy also requires the property management company and its staff to comply with legal and professional regulatory obligations. This template policy also contains provisions regarding client bank accounts.

Client Money Protection Scheme requirement

This Client Money Policy includes provisions relating to the Client Money Protection Schemes for Property Agents (Requirement to Belong to a Scheme etc.) Regulations 2019, which came into force on 01 April 2019.

These Regulations make it compulsory for all companies managing tenancies in England which handle client money to be a member of a government approved Client Money Protection Scheme.

Client Money Policy for Property Management Companies (England) is part of Property. Just £38.50 + VAT provides unlimited downloads from Property for 1 year.