Rent Smart Wales
Under the Housing (Wales) Act 2014, there are legal obligations on landlords who have rental property in Wales.
Rent Smart Wales is helping to raise standards in the private rented sector in Wales. If you own, rent out, manage and/or live in a rented property then this law will impact on you. It is raising awareness by landlords, agents and tenants of their respective rights and responsibilities.
All private landlords are required to register themselves and their properties. If a landlord wants to manage property themselves, they must be licensed, demonstrate that they are ‘fit and proper’ to hold a licence and successfully complete approved training. Alternatively, a landlord can appoint a licensed agent to manage property on their behalf.
To become licensed, landlords managing property need to:
- complete a simple application process
- pay a fee
- pass a ‘fit and proper person check’
- stick to the code of conduct
If you wish for a licensed agent such as Umbrella Homes to manage the property on your behalf then there is no need to apply. The licensed agent takes over all management duties and you surrender any rights to manage the property.
To read more about the scheme, visit Rent Smart Wales - Information for Landlords.