Thank you. Your application is now being reviewed by our staff. They will be in touch soon.
Thank you. Your viewing request is now being reviewed by our staff. They will be in touch soon.
0161 250 3036
Manchester Rent A Home Management Company Limited
CLIENT MONEY POLICY
1. Purpose of Policy1.1 This Policy sets out how Manchester Rent A Home Management Company Limited(“the Company”) handles money on behalf of clients (“Client Money”).1.2 The Company shall handle all Client Money in accordance with this Policy.1.3 The aims of this Policy are:1.3.1 To ensure that Client Money is kept safe1.3.2 To ensure that the Company complies with its legal and regulatory obligations as regardshandling Client Money.2. Meaning of “Client Money”2.1 Client Money is any money received by the Company that does not solely belong to theCompany. Examples include:2.1.1 Tenant deposits2.1.2 Rent2.1.3 Service charges2.1.4 Fee money taken in advance2.1.5 Client money held but due to be paid to contractors3. Legal and Regulatory Obligations3.1 The Company shall ensure that the Company and all members of staff comply with all legalobligations relating to the handling of Client Money.3.2 The Company shall ensure that the Company and all members of staff comply with any rules orregulations relating to the handling of Client Money imposed by:3.2.1 Any professional or regulatory body3.2.2 Any trade association3.2.3 Any Ombudsman redress scheme of which the Company or the relevant member of staff is amember.3.3 The Company shall employ competent staff to handle Client Money and shall provide them withappropriate training and support.3.4 The Company shall comply with the Client Money Protection Schemes for Property Agents(Requirement to Belong to a Scheme etc.) Regulations 2019 and shall ensure it is a member of a
government approved client money protection scheme (CMP) and the Company shall (if they’ve beenprovided with a certificate from the scheme administrator):
3.4.1 Display the certificate confirming the Company’s membership to the CMP on its website and in-branch
3.4.2 Produce a copy of the certificate confirming the Company’s membership to anyone whoreasonably requires it, free of charge; and3.4.3 Provide written notification to each client within fourteen (14) days if their membership isrevoked, or they change to a different approved CMP scheme (and the name and the address of thenew CMP must be provided).4. Client Bank Accounts4.1 Client Money shall be held in one or more client bank accounts which are separate from theCompany’s office bank account and which shall have the word “client” in the account name.4.2 Client Money received shall be banked promptly and in any event within three working days.4.3 Client Money due to be paid to the client shall be transferred to the client promptly.4.4 Clients will be provided with statements of income and expenditure.5. Accounting Systems5.1 The Company shall ensure that appropriate accounting systems are in place, includingarrangements for regular reconciliations and annual audits or inspections
Terraced | 6 | 05 Jun 2023 | £3510 pcm
Apartment | 7 | 03 Jul 2023 | £1085 pw