The Client Money Protection Scheme is a scheme that reimburses landlords and tenants should a letting agent misappropriate their rent, deposit or other client funds.
It has long been a requirement for ARLA Propertymark members to have CMP and has been a legal requirement for all letting agents since 1 April 2019.
Propertymark Conduct and Membership Rules
Further information regarding Propertymark can be found here: www.propertymark.co.uk/professional-standards/rules.html