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Latest figures reveal 1,141 letting agents licensed with Rent Smart Wales

Wednesday 01 February 2017

Figures from Rent Smart Wales reveal that as of 31 January 2017, 1,141 letting agents were licensed with Rent Smart Wales and 1,109 submitted agent licences are currently being assessed.

The statistics mean that since the end of November, a further 667 letting agents have become licensed with Rent Smart Wales.  

Rent Smart Wales was introduced by the Welsh Government to raise standards in the private rented sector in Wales by requiring the registration and licensing of landlords and letting agents.

From 23 November 2016 all letting agents in Wales (and the wider UK who either let or manage rental properties in Wales) must be suitably trained and licensed to carry out letting or property management activities.

Rent Smart Wales is a service within Cardiff Council, who administer the requirements for landlord registration and agent and landlord licensing under the Housing (Wales) Act 2014.

The idea is that the licensing authority will work with local authorities to carry out functions under the Act. 

Registering on the Rent Smart Wales website is the cheapest and easiest way and once registration is completed each landlords receives a unique registration number.

ARLA has produced a unique Fact Sheet to help members. This a member only benefit and not available to anyone else. Log into the Members’ area to find out more. 

ARLA is a member of the Rent Smart Wales stakeholder group who meet on a quarterly basis and therefore we are able to have influence on how this very important piece of legislation is impacting on the lettings industry in Wales. For comments, queries or questions members should contact Tim Douglas, ARLA Policy and Campaigns Officer timdouglas@arla.co.uk