KEYLET BECOME ONE OF THE FIRST AGENTS IN CARDIFF TO HOLD A LICENSE FOR RENT SMART WALES.
Keylet are proud to become one of the first letting agents in Cardiff to obtain an agent license for Rent Smart Wales. By November 23rd 2016, every letting agent and landlord in Wales will have to be registered and/or licensed with Rent Smart Wales to let out a property. Now we have our license, any landlord that requires a fully managed service will be able to continue letting out their property under our Keylet Agent license.
What does it mean?
Keylet is licensed for letting and property management work as an Agent, as defined in sections 9 to 12 of the Housing (Wales) Act 2014. In order to have the license, Keylet is responsible for providing and maintaining up-to-date information to Rent Smart Wales. We also fulfil the requirements of the license by having Client Money Protection, professional indemnity insurance and by being a member of an independent letting and management redress scheme (ARLA). In addition to this, all of Keylet’s connected persons have been appropriately trained, either through NFoPP qualifications or a dedicated Rent Smart Wales course. We also comply with the Code of Practice for Landlords and Agents, which can be found here, as well as, raising the standards of the lettings industry by working to the Best Practice guidelines.
I am a landlord, what should I do?
YOU WILL NOT BE ABLE TO LET YOUR PROPERTY OUT IF YOU ARE NOT REGISTERED/LICENSED.
All agents must have a Rent Smart Wales license by the 23rd November 2016, in relation to this, agents are only able to act on behalf of those landlords with rental properties in Wales who have registered with Rent Smart Wales. If landlords are not registered, Agents have an element of responsibility to notify Rent Smart Wales within 12 weeks. If you are already registered you need to make sure that Rent Smart Wales are kept up-to-date of any changes, whether you have purchased another property or sold you property, you can do this via your online account. If you manage the property partly, or in any way you will also need to obtain a license, which means undertaking Rent Smart Wales approved training and paying a fee. If you are a fully managed landlord with Keylet, you will not need a license.
I am a tenant, what does this mean?
Rent Smart Wales works with landlords and letting agents, to ensure the best satisfaction for tenants. If you are looking to rent a property after 23rd November, make sure the letting agent you use is Rent Smart Wales approved. They should be able to provide you with their registration number, and also look for any signage in the office and on their website that confirms that they are an approved agent. Click here to access the Rent Smart Wales Tenant Guide for letting a property. It contains all information relating to renting a property, from finding a landlord and agent, to financial considerations and tenancy agreements. Rent Smart Wales also provide useful information guides for tenants whilst living at the property, these include, damp and mould guides, carbon monoxide warnings, as well as fire and electrical safety tips.
If you have any queries related to Rent Smart Wales please contact us on,
Published: June 21, 2016BACK TO NEWS LIST