Holding Deposit – equivalent to 1 weeks rent (refundable) *terms and conditions apply*
Tenancy Security Deposit – equivalent of 5 weeks rent
Safe deposits with CMP
What is a Client Money Protection scheme?
It is a legal requirement for letting agents to join a Client Money Protection Scheme for the benefit of their clients, typically tenants and landlords, in order to safeguard money they hold on their clients’ behalf.
A client money protection scheme does not act on behalf of the letting agent. It is an independent membership body that provides the protection of client money whilst held by its members and the Scheme insures its liability for the payment of any claims.
Find out more about our Client Money Protection scheme.