Rent Smart Wales oversees the compulsory registration and licensing for all Landlords and Letting Agents in Wales. It was announced by the Welsh Government in November 2015, with the objective being to raise standards in the private rented sector in Wales.
This means that anyone who owns or rents out private properties in Wales is required to firstly register themselves as a Landlord, and secondly, if they manage the property, they are required to undertake training and obtain a Landlord license. If it is a Letting Agent that performs the property management for the Landlord then it is the Agent who is required to be licensed.
Every Landlord, even if you do not find tenants or manage properties yourself, will be required to register:
The easiest and cheapest way to register is online, but it is possible to complete a paper application if preferred.
As a Landlord, if you perform any property management, you must be licensed. In order to apply for the licence you must:
Once the licence is granted it will last for 5 years, and Landlords must adhere to the Rent Smart Wales Code of Practice.
Similar to Landlords, Letting Agents must also obtain a licence, they must ensure that:
Once the licence is granted it will last for 5 years, and Agents must adhere to the Rent Smart Wales Code of Practice.
Kelvin Francis are a Rent Smart Wales Licensed Agent: #LR-05015-28657
If you have any queries or concerns regarding the legislation please contact us and we will be happy to provide guidance to ensure you are compliant.