Compulsory registration and licensing of all Landlords and Letting Agents in Wales set to go live from November 23rd 2015
The new compulsory system of registering and licensing for landlords and agents in Wales, branded Rent Smart Wales, is going live on November 23. The aim is to raise standards in the private rented sector in Wales with the introduction of a new law requiring the registration and licensing of all landlords and agents.
Landlords who need to register, and landlords and agents who need to become licensed, will be able to register and apply for a licence from this date.
They will have 12 months from November 23rd to comply with the new legislation, being brought in under devolved powers. During this year there will be a focus on raising awareness of the new requirements and encouraging compliance.
Landlords must not only register, but if they want to manage a property, become licensed as well.
If landlords choose not to become licensed, they must use a licensed agent to manage their properties.
As the largest letting agency in Wales we will keep you informed on any updates to Rent Smart Wales, the registration and the licencing process. Our Head of Lettings and the South Wales representative of the Association of Residential Letting Agents (ARLA), Mrs Angela Davey, will be conducting Roadshows across South Wales over the next few months informing landlords of their obligations under the new legislation and how to comply.
If you would like to register for further information about the Roadshows or would like us to keep you updated with the legislation please email Landlordlicensing@peteralan.co.uk