CLIENT MONEY PROTECTION

19th March 2019 By

UPDATED 29 MARCH 2019 TO INCLUDE RICS – DETAILS BELOW

As of 1 April 2019 all letting and managing agents will be required to hold client money protection insurance.

There are a limited number of schemes approved by government:

Money Shield – owned jointly by Propertymark and The Dispute Service and offered to non ARLA Propertymark members, meaning agents can sign up without having to join the trade body
Website: https://money-shield.co.uk/

National Approved Letting Scheme (anyone wanting to use this scheme will need to join NALS)
Website: https://www.nalscheme.co.uk/
Email: info@nalscheme.co.uk
Tel: 01242 581712

Client Money Protect
Website: https://www.clientmoneyprotect.co.uk
Email: info@clientmoneyprotect.co.uk
Tel: 0333 321 9414

UKALA (UK Association of Letting Agents)
The scheme is underwritten by insurers Hiscox and regulated by the Financial Conduct Authority in the UK, and is open to all property agents and professionals who are UKALA members
Website: https://www.ukala.org.uk/
Email: info@ukala.org.uk
Tel: 020 7820 7900

PropertyMark (anyone wanting to use this scheme will need to join ARLA
Website: http://www.propertymark.co.ukhttp://www.propertymark.co.uk
Email: help@propertymark.co.uk
Tel: 01926 496 800

RICS
Website:
https://www.rics.org/uk/upholding-professional-standards/regulation/firm-regulation/client-money/cmp-scheme/
Email: contactrics@rics.org
Head Office Tel: 0)24 7686 8555

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TENANT FEES BILL TO COME INTO EFFECT JUNE 2019

16th January 2019 By

T

The Tenant Fees Bill passed the final hurdle in the Parliamentary Process yesterday (hidden in the Brexit news).   Just awaiting Royal Assent to become law at which point the final bill will go onto the CRLA website for anyone interested.   The Bill becomes law on 1 June.  Watch out in future newsletters for updates and final information on what you CANNOT charge your tenants.

This will apply to all tenancies created on or after 1 June 2019 whether by individual landlords or agents.

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HOW TO RENT GUIDE – ARE YOU USING THE RIGHT ONE?

2nd July 2018 By

The How To Rent Guide was updated on 26 June.  A link to the new version can be found in the Information Sheets For Landlords Page of the Members Area.

Copies of the most recent (at the time) version of the How To Rent Guide should be given with all new tenancies and when a tenancy rolls over to periodic or is renewed.

If you need a copy of an ‘old’ version of the Guide please contact Ruth Clarke to ask for one to be sent out.

(01872 5544998 or email crlawp@gmail.com)

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INCREASE IN PRICE OF POSTAGE STAMPS

14th March 2018 By

The price of stamps is due to rise on 26 March. First class stamps will be rising by 2p.
Click here to go to the Royal Mail new price list – standard stamp prices are on page 6

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