Renting out a property might seem like a good idea. But are you fully aware of your responsibilities as a landlord as well as new legislation that has come into affect that means you MUST register with the government as a landlord?
Over the next few weeks we’re offering a series of residential landlord surgeries at our offices in Llanidloes, Newtown, Welshpool and Machynlleth to provide advice and information to existing or potential landlords about their responsibilities as well as information about the new Rent Smart Wales register.
We manage hundred of properties on behalf of landlords throughout Mid Wales and Shropshire and our surgeries will also provide an opportunity to discuss how we can take the hassle of renting out properties and manage them on your behalf.
The surgeries are being held between 5pm and 8pm at our Llanidloes office on Wednesday, 15 June, our Newtown office on Wednesday, 22 June, our Welshpool office on Thursday, 30 June and our Machynlleth office on Tuesday, 5 July.
“Our expert lettings team understand all aspects of renting property and the rules and regulations surrounding it. With the deadline for landlords registering on the Welsh Government’s Rent Smart Wales by November, or allowing someone to manage their properties on their behalf, there is a lot to consider,” said Andrew Turner, a Partner at Morris, Marshall and Poole.
“Rent Smart Wales is an important legal requirement that all private housing landlords must comply to. It cannot be ignored. Landlords have until November to ensure they are trained and registered on the scheme.
“Alternatively, if they want they can pass responsibility of the management of their rental properties to an agent to manage on their behalf.
“This means they don’t have to undertake the training or registration required by the Welsh Government scheme, passing all responsibility to the managing agent.”
Under Rent Smart Wales, anyone owning and managing private rented housing in Wales must be registered and have taken relevant training. Landlords are, however, able to pass responsibility for managing their properties to agents, such as Morris, Marshall and Poole, who are fully trained and registered as part of Rent Smart Wales.
The government says the scheme will prevent “rogue” landlords and protect tenants. The scheme is not applicable in England.
“Anyone renting out a residential property has to be registered and trained under Rent Smart Wales or pass the responsibility to a managing agent and we’d urge anyone in that position to talk to us about it or visit www.rentsmart.gov.wales,” added Mr Turner.