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The Welsh Assembly Government has taken the wraps off the new landlord and agent, registration and licensing scheme – Rent Smart Wales.
The countdown has started for private landlords and letting agents who rent out buy to let homes or shared houses in Wales to sign up for the scheme.
Due to start in the autumn, Rent Smart Wales requires:
- Compulsory registration of all landlords who rent residential property including buy to let and houses in multiple occupation (HMO) with Rent Smart Wales.
- Landlords who self-manage properties will need to show they are ‘fit and proper’ and undergo formal training to become licensed (based upon the current Landlord Accreditation Wales training).
- All letting and managing agents will require training and to obtain a licence to operate in Wales.
Landlords who use an agent to manage all aspects of the property must still register, as must landlords who live outside Wales but rent out homes in the principality. However, landlords using an agent will not need a licence but a licence is still needed if the landlord wants to carry out any property management duties such as collecting rent, serving notice or checking out a tenancy at the end.
Housing Minister Lesley Griffiths is trying to whip up enthusiasm for the scheme from landlords by urging them to register early and sign up for details of Rent Smart Wales on social media and a dedicated web site.
“We know approximately 184,000 homes in Wales – around one in seven – are now privately rented. With so many people renting, a strong sector with good working practices is absolutely essential,” said the minister.
“The new legislation we are introducing will not only improve the situation for tenants – informing them of their rights and responsibilities – it will also help good landlords by improving the sector’s reputation.
“When Rent Smart Wales is introduced this autumn, it will provide a simple way for landlords to register and for them and their agents to become licensed. Ahead of the changes, I encourage landlords and agents to subscribe to register their interest and to receive useful news and updates.”
Find out more information about Rent Smart Wales:
Follow on Twitter @rentsmartwales and @rhentudoethcym