Landlord Licensing in Wales
A new law has been introduced in Wales which applies to all landlords and agents of private residential property. The regulations came into force on 23 November 2015, requiring landlords and agents to comply with the new legislation, licensing those who deal with letting and management activities of properties within the private rented sector.
Landlords and agents are now required by law to be registered or licensed.
It is intended that the legislation will result in:
Improved standards of letting and management practice in the private rented sector
More information on landlords available for tenant verification and for local authorities to assist with strategic intervention and dissemination of information
Raised awareness by landlords and agents of their respective rights and responsibilities and raised awareness by tenants of their respective rights and responsibilities.
After the system comes into force the scheme will be policed by the local authorities who are responsible for any necessary enforcement action against non-compliance. These powers will be given to the authorities a year after the system comes into force to give time to those who must comply without fear of prosecution (November 2016).
Any landlord who has a rental property in Wales which is rented on either 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 through Rent Smart Wales
Landlords who do undertake letting and management tasks of their rental properties in Wales are required to apply for a license. Such landlords are often described as 'self-managing', and once again license requirements the granting of a license through Rent Smart Wales
If your property is managed by Dawsons already, you need NOT worry
As a market leading letting agent, Dawsons began to prepare for this change in January of 2015. We have ensured our already knowledgeable and experienced staff have attended the courses required by Rent Smart Wales, and have passed all follow up validation tests successfully. This requirement along with several others such as: client money protection, and affiliation to a recognised redress scheme, means that Dawsons will be amongst the very first licensed agents in Wales.
As a result of our forward thinking and interaction, our managed landlords can rest assured their requirements, their tenants and of course their property remains in safe hands. Continued support means we have also prepared a process to assist our landlords in the only part of this new law we as an agent are unable to do on their behalf.
The requirement of LANDLORD REGISTRATION, can be completed on line or with the help of our staff at any of our offices. For further information on this, please visit or contact one of our rental offices where a member of staff will be delighted to help. Alternatively, visit www.rentsmart.gov.wales or request a paper form to complete by calling 03000 133344.
Do you manage your own property? Don’t worry, Dawsons can help.
Many self managing landlords once aware of the requirements by Rent Smart Wales will decide it is the ideal time to approach a local and trusted letting agent for additional information. Taking this into account, we at Dawsons have prepared for this very eventuality, to either provide free supporting information and support, or begin the process of property management on their behalf, thus dealing with all of the licensing requirements. For this advice, and to discover the many benefits and services of being a Dawsons landlord, please visit or call one of our 5 dedicated offices.