Client Money Protection
CMP Information
As required by UK law, LEA Property Solutions Ltd is a proud member of a government-approved Client Money Protection (CMP) scheme. This provides a safety net for our landlords and tenants, ensuring your money is protected at all times.
What is Client Money Protection?
Client Money Protection (CMP) is a compensation scheme which recompenses landlords and tenants should a letting agent misappropriate their rent, deposit, or other client funds. It acts as an insurance policy to ensure that, in the highly unlikely event that client funds are lost, you will not be out of pocket.
Our Commitment
We take the financial security of our clients incredibly seriously. All rents and deposits paid to LEA Property Solutions are held in a ring-fenced, secure Client Account, completely separate from our general business operating funds.
Viewing Our Certificate
Our Client Money Protection certificate is available to view upon request in our branch. If you are a prospective tenant or landlord and require a digital copy of our current CMP certificate, please contact our team at allusers@leapropertysolutions.co.uk.
Tenancy Deposits
In addition to CMP, it is a legal requirement that all Assured Shorthold Tenancy (AST) deposits are registered with a government-backed Tenancy Deposit Scheme (TDS). We ensure that all deposits are transferred and registered correctly within 30 days of receipt, providing you with the prescribed legal information.