We are a SAFEagent……why?
May 6, 2012 § Leave a comment
We have to get our bank to sign a letter each year to prove that we still have Client Money Protected accounts. Our Accountants have to sign to say that our accounts are compliant with the requirements for NALS this also includes proving that the client money protected accounts are operated correctly.
Our tenants pay their rent into the client account. Invoices for maintenance work completed on behalf of landlords are paid from the client account. When the landlords invoice has been produced showing rent received less maintenance work (if required) less management charges we forward the balance of the rent to the landlord and then transfer the management charges to QuaLETy’s business account.
It’s SAFEagent Awareness week 14-20 May 2012