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 private rented sector in Wales.
All Landlords in Wales must now register their personal details and details of the property/properties directly with Rent Smart Wales at https://www.rentsmart.gov.wales
There is a fee of approximately £33.50 upon registration. If we manage your property, you simply need to name The Gray House as your managing agent during registration (with no additional cost than the £33.50 registration fee) and this is all you need do to become compliant to the legislation.
The Landlords looking to manage their own property, they will be required to attend a training course at a cost of between £50.00 and £150.00 in addition to passing an exam and being deemed to be a fit and proper individual and apply for a licence at a cost of £144.00.
We understand that for first time landlords this can feel like a daunting task but we will happily assist you with any queries regarding your registration.