Every person1 who receives clients' money2 in the course of estate agency work3 must, without delay, pay the money into a client account4 maintained by him or by a person in whose employment he is5. The sole exception to this rule concerns certain deposits not forming part of the consideration for the acquisition of an interest in land6.
Money other than clients' money may be paid into a client account only if it is the minimum required for the purpose of opening
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234