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Property Industry Eye
15 March 2024

Estate agent hit with £10,000 CMP fine after certificate lapse

Manchester letting agency faces hefty penalty for expired Client Money Protection coverage

A Manchester-based estate agency has been issued with a £10,000 penalty notice by the local council after their Client Money Protection certificate expired without renewal.

The agency, which manages over 200 rental properties, failed to renew their CMP coverage when it expired on 28 February, leaving them non-compliant for two weeks before the violation was discovered during a routine inspection.

[Personal details have been redacted for privacy]

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