Cornerstones
Property Letting

Legal Update - Rent Smart Wales

Under the Housing (Wales) Act 2014, there are new legal obligations on Landlords who have rental property in Wales.

Landlord Registration

A Landlord who has a rental property in Wales which is rented on an assured shorthold or regulated tenancy is required to register. All registrations are done with Rent Smart Wales.

 

Landlord Licensing

Landlords who are not involved in setting up tenancies or manage their rental properties do not need a Licence; however they must use a Licensed Agent such as Cornerstones. Landlords who do undertake letting and management tasks at their rental properties in Wales-self managed Landlords- are required to apply for a Licence.

Q. Can an Agent register a property on behalf of the Landlord?
A. No. All Landlords must register their property on line.

 

Cornerstones Letting and Property Management

Basically all rented property must be registered with the Welsh Government before October 2016

Should the rented property be Managed by an Accredited Agent, then Landlords need not attend a training day course to become a Licenced Landlord

If the property is Managed by the Landlord, the government run training course must be attended for the Landlord to become Accredited and Licenced, to legally Manage their own property.

 

Cornerstones will be an Approved Accrettited Licenced Agent under the new Rentsmart Wales Legislation in January 2016

  • Cornerstones are already established Approved Agents
  • Authorized Client Money Protection
  • Approved Deposit Holders
  • Members of a Government Approved Mandatory Redress Scheme
  • The Welsh Landlord and Agent Accreditation Scheme
  • Nationally Licenced and Regulated by UKALA

 

December 2015

 

Rent Smart Wales

 

Cornerstones Offer Professional Letting Services for Landlords

Call us on 01267 237000

Or read more details
Letting Services for Landlords

 

Your first choice for property letting and renting in Carmarthenshire, West Wales - 01267 237000