Landlords in Wales who have not yet signed up to Rent Smart Wales, designed to drive up the quality of rented accommodation in Wales, have less than 24 hours remaining to do so before the scheme becomes a mandatory requirement.
Rent Smart Wales, the new registration and licensing system in Wales, which went live last year, represents a major change for the private rental sector in the principality.
The scheme requires all landlords and letting agents to register their properties and undergo training to obtain a licence if they wish to self-manage their rental investment.
Landlords and agents have been given until mignight tonight in which to comply with the new legislation, before it then becomes an offence to let or manage a property without the correct licence.
The scheme is designed to drive up the quality of rented accommodation in Wales through training courses for landlords and by giving local councils a better understanding of where properties are situated.
David Cox, Managing Director, Association of Residential Letting Agents (ARLA), said: “The law means landlords in Wales – and those in the rest of the UK who own properties in Wales – need to register themselves and their properties with Rent Smart Wales, as well as being suitably trained and licensed to carry out letting or property management activities.
“If landlords do not wish to get trained, they need to arrange for a trained and licensed agent to manage their properties on their behalf.”
“If landlords and agents find themselves unlicensed when the deadline arrives on 23 November, they will be unable to practise,” he added.
For further information about RentSmart Wales – click here.
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