There are new legal obligations on landlords and letting agents renting residential properties in Wales and the deadline for compliance is fast approaching.
Under the Housing (Wales) Act 2014, the Welsh Government introduced a mandatory registration and licencing scheme for landlords and letting agents with the aim of raising standards in the private rented sector in Wales. The scheme, called Rent Smart Wales, was implemented in November 2015 and gave landlords and agents one year to comply. After the 23rd November 2016, it will become an offence to operate as a landlord or letting agent in Wales without a registration or licence.
Landlords who are not involved in setting up tenancies and managing their rental properties do not need a licence; however, they must use a licensed letting agent and register as a landlord, declaring their licensed agent on the registration form. The registration fee is £33.50 for online applications.
Letting agents and Landlords who are involved in the day to day management of residential rental properties in Wales are required to complete a training course and obtain a licence to continue the management of a rental property in Wales. The landlord licence fee is £144 for online applications, plus the cost of the training course.
ACJ manages properties throughout Cardiff, Penarth and the Vale of Glamorgan and is already a licenced letting agent with Rent Smart Wales. Landlords who select our managed service can be assured that all they need to do is register their property with Rent Smart Wales by the 23rd November 2016 and ACJ will take care of the rest.