Client Money Protection Scheme

Gro Residential Management, and parent company Oscars Group are members of Property Mark.

ARLA Propertymark is the UK’s leading professional and regulatory body for letting agents, setting industry standards, campaigning for regulation, and ensuring members follow a strict code of conduct.

Formed in 2017 (formerly NAEA/ARLA), it provides legal advice, training, and mandatory Client Money Protection to safeguard landlords and tenants.

The best way to ensure your money is kept safe is to always choose an agent who is Certified and Accredited by Propertymark. Propertymark work with their members to ensure the highest standards are upheld and that CMP requirements are met.

Propertymark will reimburse tenants and landlords up to a maximum award of £50,000 per individual claim, with a total scheme limit of £15 million per year for all claims submitted against one of our CMP scheme members.

Propertymark’s CMP scheme is split into two parts:

  • General client money protection, covering money held by firms undertaking any surveying activities (Client Money Protection for Surveying Services); and
  • Residential agency activity in England protection, covering areas under the Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018 (Client Money Protection for Residential Agents).

Contact us today on 01482 566057 if you have any questions around the RICS Client Money Protection scheme.

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