Skip to content
Zoek

Interim Panel Hearings

12 JUL 2017

Alpha Property Asset Management and Mr Richard Hutt FRICS

On Wednesday 5 July 2017, the Disciplinary Panel restricted Alpha Property Asset Management and Mr Richard Hutt [0058237] with the following interim restrictions.

  • The firm is not permitted to hold any client monies save for service charge funds, and ground rents of up to £15,000.
  • The firm is not permitted to accept new clients whose business requires the firm to hold their money, until the £130,000 shortfall in the client account has been repaid in full.
  • Any evidence that the restriction at b) above has been complied with must be provided to RICS in writing and confirmed by RICS prior to the firm accepting any new clients.
  • Only a principal of the firm is permitted to authorise payments from the client account.