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Client Money Policy for Property Management Companies (England)

PROP.MNG.01

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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Client Money Policy for Property Management Companies (England) is part of Property Documents. Just £35.00 + VAT provides unlimited downloads from Property Documents for 1 year.

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