Responding to the news, Isobel Thomson, CEO, NALS said:
“Today marks an important milestone for our industry. Regulations to make Client Money Protection mandatory for all letting agents will ensure a safer private rented sector for consumers.
“For many years now, NALS has campaigned for mandatory CMP, following too many cases of rogues and criminals taking money from innocent tenants and landlords. This law will change that. NALS agents are already part of a client money protection scheme, but for those who aren’t yet, it’s time to get their house in order.”