Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the adequacy of existing licensing frameworks for letting and managing agents in England.
Letting or property agents in England for the private rented sector, who hold client money are required by law to sign up to one of six Government approved Client Money Protection schemes. These give tenants and landlords confidence that they can recover any money held by the agent on their behalf that the agent fails to repay - for example because of misappropriation or insolvency.
It is also a legal requirement for letting and managing agents in England to belong to one of the two Government approved redress schemes.