CMP

Legal & Regulatory

Abbreviation for Client Money Protection, insurance required for letting agents who hold client funds

CMP is the abbreviation for Client Money Protection, mandatory insurance for letting agents in England who hold rent, deposits, and other funds on behalf of landlords and tenants since April 2019. Agents must display their CMP certificate in-office and online, with non-membership penalties up to GBP30,000. See the full definition: Client Money Protection.

Key Points

  • Required by law since April 2019
  • Protects rent, deposits, and other client funds
  • Agents must display their CMP certificate
  • Covers agent insolvency or fraud

Checking CMP Status

You can verify an agent's CMP membership:

  • Ask to see their certificate
  • Check their website for scheme details
  • Verify with the scheme provider directly

Related Terms

Client Money Protection (CMP)

Insurance that protects landlords and tenants if a letting agent misappropriates their money, required by law for all letting agents in England

Letting Agent

A professional who acts on behalf of landlords to find tenants, manage properties, and handle the day-to-day running of rental properties

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