Are you a residential landlord in Powys, Ceredigion or Gwynedd? Are you aware of your landlord responsibilities under the Housing (Wales) Bill?
Government legislation has a habit of being talked about in the news but rarely listened to by many.
A new piece of legislation likely to come in early next year will have a significant impact on landlords of domestic properties in Wales, or those letting domestic properties.
In July the National Assembly for Wales passed the Housing (Wales) Bill after scrutinizing it. It’s likely to be given Royal Assent very soon and could become law by April 2015.
But how will it impact on private domestic landlords and their agents?
Well, significantly, according to Andrew Turner, a partner at Morris, Marshall and Poole, one of Mid Wales and Shropshire’s leading estate and lettings agents and auctioneers.
The Bill includes:
• A mandatory registration system for all landlords of domestic properties;
• A licensing regime for landlords and agents who undertake letting and management activities.
“Many domestic landlords in Mid Wales are not aware of the implications of the Bill which is likely to become law in April 2015,” said Andrew.
“Part of the Bill means all domestic landlords and agents will have to be registered along with their domestic rented properties. If they don’t they could face fines.
“We are advising domestic landlords to make themselves aware of the Bill and the implications it will have on them, specifically the requirement of the mandatory registration system.”
He added: “If they have an agent acting on their behalf they should be able to guide them through the implications of the Bill. Otherwise, it’s worth them talking to a property professional, such as ourselves, to ensure they know what is happening and it’s impact on them.”
Morris, Marshall and Poole manages more than 600 properties throughout Mid Wales and Shropshire.
It is already accredited by the Welsh Landlords Accreditation Scheme.
For more information about our lettings services and team, click here.
More information can be found at www.morrismarshall.co.uk.