LoginLondon cracks down on rogue agents
Letting agents face fines of up to £30,000 in a London-wide enforcement operation
Posted 26 February 2021 | JoTS Online
Content Tags: Updates|Consumer Goods and Services|London
UPDATES: A London-wide enforcement campaign is targeting letting agents that fail to protect landlords' and tenants' money through approved client money protection schemes, with hundreds of suspected breaches identified and financial penalties of up to £30,000 available.
A London-wide trading standards campaign is enforcing fines of up to £30,000 for letting agents that fail to protect landlords’ and tenants’ money.
It has been a legal requirement since April 2019 for letting agents to belong to an approved Client Money Protection scheme, in order to ensure that landlords and tenants are protected if the business fails.
Agents are also required...
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