In England, from the April 6 all councils will introduce and enforce the licensing of rented property.
This is in essence a driving license for landlords and an MOT for the property, which will last for five years and as with any new piece of legislation, there will be a fee.
So what does this mean for a landlord, and a landlord with property in Wales?
At the moment if your property is three storeys or more (possibly including attic or basement conversions) and if you have five or more tenants (who are not related), you will automatically require a license.
If you don't get a license, then you could be in line for a £20,000 fine, criminal conviction and your tenants will not legally be required to pay rent - they can live in the property rent free until you get a license.
So what can you do now? We suggest you get information from the council and follow their guidance.
As managing agents, we suggest you make sure the electrics meet the regulations and get a five year electrical certificate. Any electrical work will be an inconvenience to your tenants, and finding good electricians when every other landlord is looking will be like trying to finding a new Wales coach in the middle of the Six Nations.
Also, don't start refurbing your property until the Welsh guidance has been issued - there could be little surprises like a second bathroom or another cooker.
So for further information please feel free to speak with Pinnacle's Newport and Cardiff offices, who will be happy to give you advice on licensing and discuss what you may be required to do for your property to meet the new licensing requirements.
For more information please check the government website www.propertylicense.gov.uk.
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