Petition Make Client Money Protection compulsory for all letting agents.

It is estimated that some £2.7 billion of tenant and landlord money is held by lettings agents. This money is at risk of loss or misappropriation as there is currently no compulsory requirement for letting agents to belong to a Client Money Protection (CMP) insurance scheme.

More details

Property-related bodies, including ARLA, Shelter, NALS, RICS, NAEA, National Landlords Association, Residential Landlords Association, SAFEagent, The Property Ombudsman and Ombudsman Services, say that to protect the consumer, CMP should be compulsory for all letting agents. The small additional cost to business of CMP is vastly outweighed by the protection it offers consumers. The Housing Bill 2015 provides the opportunity to put the measure in place and a suitable amendment has been proposed.

This petition is closed This petition ran for 6 months

1,380 signatures

Show on a map

10,000

Date closed 26 May 2016
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.