The countdown to the new legislation coming into force has begun. 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
- in turn, raised awareness by tenants of their respective rights and responsibilities.
- all private landlords who have a rental property in Wales must register themselves and the addresses of their rental properties in Wales
- landlords who undertake defined letting or property management activities at a rental property in Wales must apply for a licence. If a landlord instructs an agent to do such work on their behalf, it is that agent who must become licensed
- in order to get a licence a person must be adequately trained, and also declare themselves ‘fit and proper’
- licensing training will be offered through Rent Smart Wales or people can choose to attend Rent Smart Wales approved training courses delivered by other bodies.
The new legislation and Rent Smart Wales will replace the existing voluntary Landlord Accreditation Wales scheme, which has been operated by Cardiff Council on behalf of all local authorities in Wales.
YOUR AGENT Comment:
There will be no need for any of our Landlord clients to undergo this licencing, training or accreditation process. YOUR AGENT will be licenced and accredited on their behalf.
If you are a landlord who does not want to go through this onerous process then why not let YOUR AGENT be your agent? And let us take the hassle out of managing your property.
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