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Thomas George Letting Agents in Cardiff Central are Rent Smart!

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Fri 11 Nov 2016

Thomas George Letting Agents in Cardiff Central are Rent Smart!

Thomas George Letting Agency have recently become ‘licensed to let’ under the new Rent Smart Wales initiative.

The Housing (Wales) Act 2014 introduced the new compulsory system of registering and licensing for landlords and agents, with the aim of raising standards in the Welsh private rented sector.  To comply with the new law all letting agents in Wales must apply for a licence and ensure that all staff directly involved in property management have received the appropriate training. 

It is also essential that all Landlords in Wales register with Rent Smart Wales by the 23rd November, to avoid incurring fines when the new law comes into force.  If you are a landlord in Wales and haven’t done so already please go directly to the Rent Smart Wales website at www.rentsmart.gov.wales to register your details and the details of your property/properties.  Upon registration you will be asked to pay a registration fee of circa £33.50.

Landlords who wish to manage their own properties will then need to sign up for a training course at a cost of between £40.00 and £150.00; sit and pass a test; be deemed to be fit and proper; and apply for a licence at a cost of £144.00.

Alternatively if we manage your property, you simply need to name Thomas George as your managing agent during registration (with no additional cost than the £33.50 registration fee).  As we hold the licence on your behalf this is all you need do to become compliant to the legislation.

If you need any further information about Rent Smart Wales, or would like assistance with your application, please contact us and we will be happy to help you with any queries.