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Rent Smart Wales
If you have a property in Wales that you let out you must now register with Rent Smart Wales, Landlord Licencing scheme.
Since 23 November 2015, all landlords operating in Wales must become registered. Landlords have a year to comply with this new obligation.
Does this apply to me?
- Do you own a property in Wales that you don't live in?
- Do you allow someone else to live in that property (as their main residence), and do they pay you money to live there?
- Is the property rented on an assured, assured shorthold or regulated tenancy?
- If you answer yes to these questions you are a landlord and need to comply with the registration requirements in Wales.
Any landlord who has a rental property in Wales which is rented on an assured, assured shorthold or regulated tenancy is required to register. Depending on how a property is owned will determine who needs to register it. All registrations are done with Rent Smart Wales.
Landlords who are not involved in setting up tenancies and managing their rental properties do not need a licence; however they must use a licensed agent and register as a landlord declaring their agent on the registration. Landlords who do undertake letting and management tasks at their rental properties in Wales are required to apply for a licence. Such landlords are often described as 'self-managing'.
For more information go to Rent Smart Wales
Tariff of Fees
Full Management Service
Set up fee £275 (re-let within 12 months £199) Plus 10% of the rent collected
Tenant Find Only Service
One month's rent (Minimum fee £350.00)
Conducted viewings (included in full management service)
£20ph plus 0.45pm
It is advised that Landlords who are managing their own tenancy should carry out their own viewings however this can be arranged with Lounge Letting if necessary
Making changes to Landlord Agreement
Dealing with a deposit dispute
£45 plus 10% of claim
Serving notices on behalf of Landlord
Checking tenant out at end of Tenancy
Taking over Management of tenanted Properties
Discounts available for Landlords with 3 to 10 properties
Portfolios of 11 or more properties will be considered and price will depend on types of properties, location area and tenancy types.
Landlords, what can we do for you?
We want your Property business to flourish whether you own one property or a large portfolio, your success is our success. Let us manage or just let your property for you and we will help you navigate the ever growing risks involved in letting a property, reduce voids, deal with problem tenants and arrange routine maintenance.
Call us now on 01654 712470 or visit our contact page to discuss your requirements.
We currently protect all deposits with the Deposit Protection Service
Landlords, are you looking for insurance for your rental property?
Click the link below to request a quote or call 01273 827090