Changes came into place today for Landlords in Wales - the Rent Smart Wales scheme is launching across the country today.
The scheme is being introduced in order to raise standards in the private rented sector in Wales. The new legislation requires all landlords operating in Wales to register and apply for a licence in order to operate within the private rental sector. The new legislation and Rent Smart Wales is replacing the existing Landlord Accreditation Wales scheme, a voluntary scheme operated by Cardiff council on behalf of all Welsh local authorities.
Landlords have a year to get their licence in order before they face penalties. The potential penalties include hefty fines and even prosecutions, so it is important that licences are put in place!
You have a year to make sure you have all your relevant paperwork in order, but it is important to make sure that everything is in order before the 23rd November 2016.
- If you are a private landlord in Wales you must register yourself, and the addresses of all your rental properties in Wales.
- If you manage property or undertake defined letting at a rental property in wales you must apply for a licence. if your agent manages your property on your behalf, make sure your agent has a licence.
- You have to prove that you have any appropriate training required to manage the property.
- If you need any further training, licensing training will be available through Rent Smart Wales, or approved training courses.
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