RENT SMART WALES
(Posted on 15/09/16)
Landlord with properties in Wales need to ensure that they are registered with "RENT SMART WALES" by the 23rd of November. New legislation is being introduced for all rental properties in Wales meaning that Landlords and Agents need to be licensed. It is being introduced to drive up standards up in the Lettings industry.
Any landlord who has a rental property in Wales which is rented on an assured, assured shorthold or regulated tenancy is required to register. Depending on how a property is owned will determine who needs to register it. All registrations are done with Rent Smart Wales.
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 agent and register as a landlord declaring their agent on the registration. Landlords who do undertake letting and management tasks at their rental properties in Wales are required to apply for a licence. Such landlords are often described as 'self-managing
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