Landlords urged to only deal with ‘safe’ letting agents
Letting agents are urging landlords to make sure they only do business with firms offering a money protection scheme.
Firms signed up to the SAFEagent scheme are highlighting that landlords and tenants risk losing thousands of pounds in rents and deposits if an agent outside a money protection scheme shuts.
The most recent firm to go bust in Canterbury owes landlords and tenants more than £410,000.
Receivers have warned creditors are unlikely to see any of their cash.
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RentPro property management software allows you to easily track deposits that are lodged with a deposit protection scheme.