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Rent Smart Wales prosecutions have started with a Newport Landlord the first to be fined £4,400 by Newport magistrates and ordered to pay £1,000 in costs.
Newport council prosecuted the landlord following an inspection of a property where it was discovered that a fire escape route was blocked, and the house did not have a licence for multiple occupants.
Landlords who own property in Wales but live in another area of the UK still must register with Rent Smart Wales and if using an agent to find tenants, collect rent or manage property on their behalf should be using a Rent Smart Wales licensed agent who will need to be a member of one of the Property Redress Schemes and have Client Money Protection.
As well as the introduction of Rent Smart Wales landlords should also be made aware of changes to Planning Law which has been implemented across the whole of Wales. Since February 2016 planning permission is now required if you intend on housing 3 or more unrelated tenants, effectively creating a country wide Additional Licensing zone.
Landlords and property owners need to be made aware of this Planning Law change as this effectively puts an end to the creation of small HMOs often created by Rent to Rent and Guaranteed Rental Schemes unless established use can be demonstrated at the property prior to February 2016.
Rooms In Cardiff email@example.com | Guaranteed Rent | Single Let Management £50/month |Cardiff HMO Management | Cardiff Letting Agents & Property Managers | Delivering Double Digit Net Returns
Rent Smart Wales Agent Licence Number: LR-37010-29907
The Property Ombudsman: E1405
We operate Client Money Protection
A buy to let investor who ignored the controversial Rent Smart Wales scheme faces a bill of more than £3,500 for non-compliance.
Shelley Bailey of Wotton-Under-Edge in Gloucestershire has been prosecuted for breaking the law requiring all private landlords with properties in Wales to register and all self-managing landlords and letting agents to become trained and licensed.
Rent Smart Wales is the only scheme of its kind in the UK requiring agents, amongst others, to undergo training. Full/source article - Letting Agent Today
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Rent Smart Wales says it is “heartening” that there has been a substantial recent rise in the number of agents, properties and landlords licensed with the scheme.
It says over 177,000 properties, 87,000 landlords and some 2,916 agents are now licensed.
However, although the majority of landlords and agents in Wales are now fully compliant with legislation, the scheme says some continue to operate illegally.Rent Smart Wales has issued 185 fixed penalty notices and 15 prosecutions.Full/source article