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GUIDE TO MAKING A CLAIM AGAINST THE PROPERTY SERVICES COMPENSATION FUND UNDER SECTION 173(2) OF THE PROPERTY, STOCK AND BUSINESS AGENTS ACT 2002 Introduction A claim against the Property Services.

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How to fill out the Property Services Compensation Fund online

Filing a claim against the Property Services Compensation Fund is a crucial process for individuals who have suffered financial loss due to the actions of a licensee. This guide provides clear and comprehensive instructions to assist you in completing the necessary online form accurately and efficiently.

Follow the steps to successfully complete your claim form.

  1. Click ‘Get Form’ button to obtain the form and open it in your browser for further editing.
  2. Begin by filling in the claimant's details, including the full name, address for correspondence, and contact information. Ensure accuracy in this section to prevent delays.
  3. Next, provide the licensee's details, including their full name, business address, and contact information. If known, include the licensee's licence number.
  4. Complete the statutory declaration section by indicating whether you are the claimant or authorized to file on their behalf. Provide the relevant details of the pecuniary loss suffered and circumstances surrounding the claim.
  5. Detail the timeline of actions taken regarding the licensee’s failure to account, including dates of contact and any responses received. This information is vital for supporting your claim.
  6. Outline the amount of money or valuable property entrusted to the licensee and specify any additional expenses or losses incurred as a result of their failure to account.
  7. Attach all relevant supporting documents as indicated in the form, ensuring you include copies that provide evidence of your claim.
  8. Finally, review the completed form for accuracy and completeness. Once satisfied, you can save changes, download, print, or share the form as needed.

Complete your Property Services Compensation Fund claim form online today for a streamlined submission process.

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an amount of money that is paid to someone because they have been hurt, or because something has been lost or damaged: Workers' compensation payments for injured employees have soared recently. The company faces huge compensation payments to farmers for destroying crops contaminated with genetically modified seeds.

to pay someone money in exchange for something that has been lost or damaged or for some problem: be compensated for Victims of the crash will be compensated for their injuries.

The Real Estate Special Compensation Fund provides financial protection for members of the public who have lost money because of the actions of a real estate professional.

It means you've rewarded someone for their work or that you're making up for someone's loss by giving them benefits. For employees in your business, this means receiving payment for their contribution to your operation. It can also mean receiving workers' compensation or health care benefits.

Typically, compensation refers to monetary payment given to an individual in exchange for their services. In the workplace, compensation is what is earned by employees. It includes salary or wages in addition to commission and any incentives or perks that come with the given employee's position.

(kɒmpənseɪʃən ) uncountable noun. Compensation is money that someone who has experienced loss or suffering claims from the person or organization responsible, or from the state.

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