Tenancy Deposit Protection
Under the Housing Act 2004 anyone (managing agent or landlord) accepting/holding a tenancy deposit in respect of an “Assured Shorthold Tenancy” in England and Wales must belong to an “authorised” scheme which protects deposit monies. An “authorised “scheme is one which has Government approval. The scheme must also provide a dispute resolution service to be invoked should a dispute arise about allocation of the deposit at the end of the tenancy period.
Martin Pendered & Co is a Member of the Tenancy Deposit Scheme.
Client Money Protection
In England it is now a legal requirement from 1st April 2019 that all letting agents and property management companies need to be a member of an approved Client Money Protection Scheme. In Scotland, the legal requirement was enforced from 31st January 2018 and in Wales from 23rd November 2015. Martin Pendered & Co Ltd are a member of Property Mark – Client Money Protection which is a government approved Client Money Protection Membership Scheme that protects any money held by our members on behalf of their clients should the member misappropriate it. Company Number : C0003857 Click here to view our certificate
