Failure to register or providing false or misleading information on your registration is an offence which could lead to:
- A fixed penalty notice of up to £150
- Prosecution and unlimited fines
- Rent Repayment Order
- Rent Stopping Order; and
- your ability to secure possession of the property being restricted
To view the Rent Smart Wales Enforcement Policy, please visit www.rentsmart.gov.wales for more information
Licence conditions and the Code of Practice
Every licence is issued with a set of conditions that a landlord or agent must follow. Failure to abide by these conditions puts a licence at risk of revocation.
These conditions set out the things that must be done to maintain a licence over its 5 year duration. Sometimes, bespoke conditions and deadlines are applied to deal with specific concerns.
Compliance with the Code of Practice is a condition attached to every licence. This document lists all the legal requirements that licensees must comply with at every milestone throughout a tenancy.
Agents usually have additional conditions to demonstrate that they have the following safeguards in place:
- Professional Indemnity Insurance
- Client Money protection
- Membership of a redress scheme