VitalSpace’ Client Money Protection (CMP) Scheme

From 1st April 2019, all agents managing lettings in England are required to belong to an approved Client Money Protection (CMP) Scheme.

Client Money Protection Schemes provide compensation to landlords, tenants and other clients should an agent misappropriate their rent, deposit or other client funds.

The legislation states that agents must:

  • Belong to a Government approved CMP scheme
  • Display a certificate which confirms the agent’s membership to an approved CMP scheme
  • Produce a copy of the certificate to anyone who reasonably requires it, free of charge
  • Notify all clients within 14 days if their CMP membership is revoked, or they change to a different approved CMP scheme
  • Provide clients with the name and address of the scheme to which they become a member
  • The regulations also state that the agent must ensure the level of CMP membership provides sufficient cover to compensate clients for the maximum amount of client money that they hold.

If you require a copy of our certificate, please download it via the link below. If you have any further questions, please do feel free to contact us.

Download our CMP Certificate

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VitalSpace Estate Agents (a trading name of VitalSpace Sales Limited) 22 flixton Road, Urmston, Manchester, M41 5AA | Registered in England 06595585 | VAT Number 980295690