Landlords are reminded that the time to register with Rent Smart Wales is running out.
Rent Smart Wales is a landmark scheme that will drive up standards in the private rented sector by requiring managing landlords and agents to undertake training to ensure they understand their responsibilities.
It will help prevent the involvement of rogue, and even criminal, landlords and agents in the management and letting of properties. The scheme will help to protect tenants and will support good landlords and agents by helping them keep abreast of their responsibilities and legal obligations, raising the reputation of the sector.
The deadline for registration is now less than 1 week away and those who have not yet complied with the law are encouraged to discharge their legal responsibilities to register as soon as possible because registration when completed online, is a simple 15 minute process, but a licensing application can take up to 8 weeks to process.
Landlords and Agents who fail to meet the deadline will be commiting a criminal offense and will be prosecuted under the new legislation and subject to hefty fines and potentially banning orders.
Your Agent Comment.
In my experience Rent Smart's time scales are grossly under estimated. It took over five months to get my licence and I submitted the application back in November 2015. If you've not submitted your landlord/agent licence application then chances are that you won't get it before the November 23rd Deadline.
Don't fall foul of the law. Protect your income. YOUR AGENT lettings were amongst the first ten agents to be awarded an Agents Licence across the whole of Wales. So why not let YOUR AGENT be your agent? Call us on 03452 606 440 or email us at info@your-agent.co.uk
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