Q&A - I am thinking of becoming a landlord, do I need to be registered?

10/10/2016

Q: I recently inherited some money from my mother and am considering buying a property in the Wrexham area to rent out. Someone told me that I would need to be registered and licenced to be a landlord. Is this correct, even if I only have one rental property?

A: On 23rd November 2015 it became a legal requirement for all domestic landlords operating in Wales to become registered and they were given a twelve month period by which to comply. So by 23rd November 2016 everyone in Wales who deals with the letting and management of a tenancy on a daily basis must be trained to get a licence. This applies to individuals, groups and companies such as estate agents and property management agents. Where a property is held jointly the lead owner must register.

You can register online at https://www.rentsmart.gov.wales, which is considerably cheaper than paper registration, and the licence covers any number of properties registered to one named person for five years. During the licence period the landlord has a legal obligation to keep all registration information up to date. This includes any change in name or correspondence address; contact telephone number; email address or other contact information provided as part of the registration. Changes of interest, such as a landlord buying further properties, or selling a property that they have registered must be notified within 28 days. After 5 years the landlord must re-register.

Legislation governing landlords is becoming increasingly more complex, with a number of other obligations being imposed over the past twelve months. If you are a first time landlord in particular, it would be sensible to seek the advice of a solicitor about legislation, tenancy agreements etc.

Hywel Jones

Hywel Jones

Solicitor

Part of our Property team in Oswestry

Wendy Marles

Wendy Marles

Senior Solicitor

Part of our Conveyancing team in Wrexham