McCartan Landlords above the National Average

McCartan Landlords above the National Average

Hannah McCartan
19th October 2016

McCartan Lettings are pleased to report that just almost 50% of their managed landlords are registered with Rent Smart Wales ahead of the looming deadline. However, we are urging any landlord who hasn’t yet registered to do so as soon as possible.

The Welsh Government are reporting a surge in applications for the Rent Smart Wales scheme following news last week from the RLA that, with seven weeks to go, only 10% of landlords had registered and just 3% had obtained licences.

If you are a landlord of a property in Wales, the Housing (Wales) Act 2014 makes it mandatory for you to be registered with Rent Smart Wales. 

If you are managing the property yourself, or if you manage a property on behalf of someone else, you also need to go through training and obtain a licence. The training can be undertaken at a scheduled course, or can be completed online. The deadline is 23rd November 2015, and with Rent Smart advising that there is an eight week delay in processing licence applications, it would be best not to delay starting your training.

The penalties for non-compliance can include fines and rent stoppages, as well as loss of the right to evict.

McCartan Lettings have been told by the Rent Smart Wales team that they are currently recruiting enforcement officers, and with all agents required by law to send a list of the landlords they have dealt with in that financial year to the HMRC, finding non-compliant landlords is by no means impossible.

If you are uncertain whether/how legislation applies to you, or to start your application now, you can visit https://www.rentsmart.gov.wales, or give the team at McCartan Lettings a call on 01792 430100.

Source: RLA News

Other articles like this

Date Set for Renting Homes Act
Date Set for Renting Homes Act
The Renting Homes (Wales) (Fees etc) 2016 has now been set to come into law on 1st September 2019. It will be the biggest change to the way we rent, ...
Are You a Resident or Business Owner in Killay or Dunvant?
Are You a Resident or Business Owner in Killay or Dunvant?
I'm appealing to all residents and business owners of Killay and Dunvant to help support Friends of Dunvant Park in getting a fence installed around the childrens' play area in ...
Why is Section 21 Big News?
Why is Section 21 Big News?
Landlords across the UK are being thrown yet again into disarray this week as the Government announce their intention to axe Section 21 (no-fault evictions). The concern is that without being ...
Report Maintenance