The Housing (Wales) Act 2014 was passed by the Welsh Assembly last year. There are eight parts to the Act, but only Parts 1 and 2 are of relevance to most private sector landlords. The Housing (Wales) Act 2014 will be most commonly known by landlords as the legislation which introduced Wales wide licensing and registration – Rent Smart Wales.
Rent Smart Wales requires all landlords who rent properties in Wales to register with them before 23rd November 2016. Agents and landlords who manage or undertake maintenance on their properties will also have to obtain a licence.
If you don’t comply you will be unable to legally rent your property. You could face a number of penalties including unlimited fines and rent stopping orders.
To find out more about Rent Smart Wales licensing and registration visit the RLA Wales website – here.