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Rent Smart Wales – Everything you need to know!

Are you a Landlord, Management Company or Managing Agent of Residential Property in Wales?

Then Rent Smart Wales Affects You!

rent-smart-wales

Telephone: 03000 1333444

PO Box 1106 Cardiff CF11 1UA

https://www.rentsmart.gov.wales/en

Landlords MUST:-

  • Register with Rent Smart Wales – this lasts for 5 years
  • Pay the relevant fee to Rent Smart Wales
  • Keep their information up to date for face penalties
  • Renew registration at the end of the 5 year period

In addition, any Person who undertakes Letting and Management of the rented Property MUST obtain a Licence from Rent Smart Wales.  If this is done partly by the Landlord and partly by an Agent then both must be licensed.

Joint Landlords – only one need register but both must be named on registration at Rent Smart Wales

Your Agent cannot register on your behalf. You must register.  Your Agent MUST be licensed however.  The Licensed Agent details must appear on your registration.

Time is running out to register.

PENALTIES:

  • If you are not registered by 23rd November 2016 you can be issued with a fixed penalty of £150 or taken to court and fined up to £1,000
  • If you do not keep your information up to date you can be issued with a fixed penalty notice of £150 or taken to court and fined £200
  • Providing false/misleading information is a significant offence and a fixed penalty notice of £250 applies and the potential court fine is unlimited

All licensed landlords and Managing Agents must comply with the Welsh Government issued Code of Practice.  To find out more please click here

If you DO NOT obtain a licence or your licence is removed then you are unable to undertake letting and/or management of rental properties in Wales.

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