Geogrge Property & Financial

The Taffs Well Estate Agent 

Providing a complete property selling, buying, letting, renting solution.
Taffs Well | Gwaelod Y Garth |Tongwynlais | Pentyrch |Caerphilly| Pontypridd | Cardiff  

Rent Smart Wales and The Housing (Wales) Act 2014 .

This page aims to give you an overview of the Housing (Wales) Act 2014 and what it means for landlords, agents and tenants.

You will be able to learn about the fundamentals of the act, what happens if you don’t comply, conditions of your licence and auditing requirements, information in the public domain and where you can go to get more information to answer more specific questions.

The Purpose of Rent Smart Wales

Rent Smart Wales is providing access to data that allows the government to better understand this sector than ever before. The data assists local authorities with their housing duties.

Rent Smart Wales also facilitates better communication with the sector, which was particularly important during the outbreak of COVID 19 for instance.

A quick tip: Make sure your contact details are up to date with Rent Smart Wales and that you have opted in for communications. 

Rent Smart Wales also imposes licence conditions and conducts fit and proper assessments to prevent inappropriate people from being awarded a licence.

 

 

 

 

 

 

Fundamentals of the Act

The Act requires that all landlords who rent out private properties in Wales are registered with Rent Smart Wales.

In addition managing agents and self-managing landlords that undertake the day to day tasks associated with the rented property also need to obtain a licence.

If you are a landlord and you rent out private property in Wales, you must register as a Landlord with Rent Smart Wales.

 Registrations and licences last for a 5 year period.

Managed or Self-Managed

One of the decisions a landlord must make is who is going to take care of the day to day management of the rental property?

From a licencing perspective, it is important because if you choose to self manage you will also need to apply for a licence.

If you use a managing agent you won’t need to get a licence.

You can read more about what is included in our fully managed lettings packages in the lettings section.

 

What can go wrong?

Failure to register, obtain a licence or to update certain specified information in your account within 28 days, is an offence.

Both the licensing authority (Rent Smart Wales) or your local authority have a range of Enforcement powers:

  • Fixed penalty notices up to £250
  • Rent Repayment Orders
  • Rent Stopping Orders
  • Summary convictions (with unlimited fines)
  • Being unable to re-gain possession of your property due to restrictions on use of section 21 or section 8 procedures.

Check the Public Register

Some of your information will be available on the public register.

Tale a look at it to check the information is correct :  Public Register

You can view the George Property & Financial Rent Smart Wales licence here :  George Estate Agents Limited 

Types of Landlord

Landlords can be:

 

  • An individual
  • Two or more persons who own a rented property jointly
  • A company
  • A charity
  • A trust

Did you complete your registration properly?

 

Complexities of different ownership arrangements

If you own one property individually, and another property jointly with another person you will need a separate registration for each property.

Different ownership arrangements require their own separate registration. 

 

Anyone undertaking letting and management activities will also need a licence.

When does a property need to be registered?

The Act only applies to domestic tenancies.

Some circumstances where registration is not required:

  • Where an owner-occupier has one or more lodgers in their home and the lodger shares amenities with the homeowner.
  • Where the residential dwelling is part of an agricultural agreement.
  • Commercial lets
  • Accommodation rented on licence (e.g University Owned)
  • Holiday lets
  • Residential accommodation if it is not a permanent structure
  • Freeholder leasehold agreements

So what triggers the need for a landlord licence?

You will need your own licence if you decide to self manage your property.

Here is a list of letting and management activities that trigger the need for a licence

 

 

Licence Conditions

Licences are only issued to those who are deemed ‘fit and proper.

A standard set of licence conditions can be viewed in the resource library here.

It includes the requirement to comply with the Welsh Government approved letting and management Code of Practice which can be viewed here.

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Things every Landlord needs to check their agent has the following in place:

Client Money Protection

This is a form of insurance that protects landlords and tenants if a company holding their money went bust or misappropriated their money.

Rent, deposits or other funds held by your agent are all protected. 

Send us a message if you want to see our Client Money Protection insurance policy.

Professional Indemnity Insurance

This insurance gives cover for the legal costs and expenses in defending a claim against an agent, as well as compensation payable to an agent’s client to rectify the mistake should they breach a professional duty of contract. 

Send us a message here if you would like to see our insurance policy information.

Redress Scheme

This is a government-approved independent body that serves as an ‘escalation point’ for complaints that clients think were dealt with incorrectly by the agent. 

George Property & Financial (George Estate Agents Limited) are registered with the Property Ombudsman Scheme. You can search for our registration here.

You can view our complaints procedure here.

Sell your property

Complete Property Sales Service

✔️ Top Tier Advertising 

✔️ 1.25% Fee  – No VAT 

✔️ Professional Photography 

✔️ Virtual Tours included 

Let your property

Finding and managing a tenants.

✔️ Simple Pricing 

✔️Complete Service

✔️£550 Tenant Find Fee

✔️12% Management Fee

Financial Services

Mortgage and Insurance advice.

✔️ Unrestricted  – Every mortgage!

✔️Multiple brokers 

✔️ Fixed £550 fee

✔️ Personal service – Fits you.

Buy

Buy a property - Sale alerts!

ALL properties for sale in:

✔️ Taffs Well

✔️ Gwaelod Y Garth

✔️ Tongwynlais

✔️ Taffs Wells only estate agent

*we even include properties with other agents!

Rent a property - For rent alerts!

Property for rent in :

✔️ Taffs Well

✔️ Gwaelod Y Garth

✔️ Tongwynlais

✔️ Taffs Wells only letting agent

Other Services

More property services:

✔️Gas Servicing and Certificates

✔️Energy Performance Certificates

✔️ Plumbers, Electricians, Builders

✔️ Surveyors and Solicitors

Beautiful Virtual Tours

Our virtual tours are the latest iteration of our dedication to staying technologically modern.

By 3D Photo scanning your property, impressive software stitches together hundreds of images into a 3d virtual space of your home.

No cleaning your house!

Yet ready for viewing 24/7

The future of online Property marketing is already here in Taffs Well.

This cuts down viewings and the number of times you have to prepare your house for show wide-scale and it means that if we do ever get wide scale business disruptions, as was the case when covid hit, we can safely proceed with the task of findfindingfind finding you a buyer.

By the time we bring someone to view your property, they have already seen it and will know they like it to a large extent.

Finding Home buyers and renters in Taffs Well, Tongwynlais  Gwaelod Y Garth, Pentyrch, Caerphilly and Pontypridd

Success Stories

If you’re thinking about renting or selling your property, Jane from George Property and Financial is the number one person to go to. Why you might ask? The only company in this area who I have dealt with who actually cares for landlords, tenants, buyers and sellers. Jane goes above and beyond. She takes pride in her work and does a professional job. I’ve always had complete trust in the management of my property especially as I am not based in the local area (In my case Jane managed the letting of my property and helped me sell it). Thank you for doing a superb job, I just wish I had not wasted years before with the other estate agents in the area. I’m not one to write reviews, but in this case, I had to. Thank you.

A Pereira

Local Landlord, Full Management Service

 SALE TO SOLD! 

From the 1st email of introduction to the complication date Jane & her team have been 5 stars.

Thank you for all your help, support & advice, you made the whole process so much easier for us.

Very approachable & adaptable.

Judith Gough

Property Seller, George Sales Service

Gavin Jane & Terri have been fantastic for me and my family in moving home at a stressful time. They have gone out of their way to be much more than helpful with great advice and legal contacts as well as putting together a great mortgage for my growing family to move into our new home. I can’t thank them all enough for all they have done for us. Would highly recommend it if you want an efficient, reliable service with great advice and staff always there to help if you need them.

Gareth

Property Purchaser, George Sales and Mortgages

 

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