Redress Scheme
Legislation has been introduced which means that from 1 October 2014 it is a legal requirement for lettings agents and property managers in England to join 1 of 2 government approved redress schemes. The requirement will be enforced by the Council who can impose a fine of up to £5,000 where an agent or property manager who should have joined a scheme has not done so.
All lettings agents and property managers in England should join one of the Government approved redress schemes listed below. This is a legal requirement from 1 October 2014.
The approved redress schemes are:
