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New rules to better protect renters' money

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New rules to better protect renters' money

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All private rented property agents will have to sign up to a scheme protecting both renters' and landlords' money under new laws.

 

  • -- New regulations will protect tenants’ and landlords’ money from theft  or misuse while being held by property agents
  • -- All private sector agents required to join a government-approved scheme by 1 April – or face up to £30,000 fine
  • -- Measures will protect estimated £2.7 billion of client money held by agents

All private rented property agents will have to sign up to a government-backed scheme protecting renters’ and landlords’ money under new laws unveiled today (7 March 2019).

READ MORE HEREhttps://www.gov.uk/government/news/new-rules-to-better-protect-renters-money


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