Abuse of client funds has long been an endemic feature of the letting sector. Client funds and deposits have, and are, regularly being used to bolster cash flow within many agencies.
At Martin & Co, such practice was judged to be unacceptable and the Franchise took steps to ensure it did not happen in the network and that each office was trading in a compliant manner. This resulted in a comprehensive finacial audit of the 180-plus UK wide network of franchised offices.
Speaking from the local Martin & Co office, franchise owner Dennis Roodhardt said, “As a result of this stringent audit process, our landlords, tenants and suppliers can be assured Martin & Co Folkestone run a 100% compliant business. Whilst there could be industry wide solutions put in place such as the adoption of a robust and foolproof set of rules about deposit handling, including legislation passed for it to be unlawful for agents to retain interest on deposits, we strongly support the Rugg Review to introduce licensing,” they added.
“The rented sector is continuing to expand - 17% between 2007 and 2009 - and it is essential that steps are taken to prevent rogue landlords and agents operating in this sector.”
“As an agent that is registered with The Property Ombudsman, clients working with Martin & Co Folkestone have peace of mind that not only have we have satisfied regulatory bodies’ Codes of Conduct, we have also satisfied Martin & Co’s rigorous audit process. Can other agents in the area assure their clients they have been audited and confirmed as fully compliant with the law and best practice?”
To speak to one of our lettings specialists please call 01303 212797 or email folkestone@martinco.com and we will get back to you.
t: 01303 212797
f: 01303 258978
e:
folkestone@martinco.com
| MON | 09:00 to 17:30 |
| TUE | 09:00 to 17:30 |
| WED | 09:00 to 17:30 |
| THU | 09:00 to 17:30 |
| FRI | 09:00 to 17:30 |
| SAT | 09:00 to 13:00 |
| SUN | Closed |
Fed up with your current agent?
Then here is the perfect opportunity to experience a refreshingly different approach.
We will arrange the transfer of your property management (at least three properties) to Martin & Co in Folkestone, Dover or Hythe - FREE OF CHARGE.
Then, subject to a 12 month Agreement, we will manage them FREE OF CHARGE for the first 6 months. Act quickly, as this is a limited offer and may be withdrawn at any time, Try Martin & Co - refreshingly different !
Your local Martin & Co office has been voted as one of the best 100 letting agents in the UK, two years running.
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Mon May 21st, 11:06
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