Propertymark reveals confusion over regulations

Propertymark reveals confusion over regulations

10:20 AM, 10th March 2023, About A year ago

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Since the launch of the ‘biggest shake up’ in Welsh Housing law, there have been concerns from landlords around the confusing regulation, Propertymark says.

The Renting Homes (Wales) Act 2011 made several key changes to housing law in Wales, and now works alongside the Renting Homes (Fees etc.) (Wales) Act 2019.

Propertymark says whilst the regulation has been overwhelming and confusing for some landlords, the new regulations will become easier to follow.

‘Changes to the PRS include higher standards for properties’

Bringing both the social and private rented sector (PRS) under one single piece of legal framework, the changes to the PRS include higher standards for properties such as obligations to keep homes in a state of good repair.

Also, there are more rights for tenants regarding break clauses, joint contracts and ‘no fault’ notices.

Tim Thomas, the policy and campaigns officer at Propertymark, said: “A prominent area of contention was the requirement for a landlord’s address to be displayed within a tenancy agreement. It appeared that they had to provide their own address and caused a lot of confusion and questions for those who have fully managed properties by an agency.”

The industry body said they were able to resolve this issue with the Welsh government that if a property is fully managed, this can state the agency’s address rather than the landlord’s address, under the landlord’s discretion.

‘Potentially change the types of landlords willing to invest’

Propertymark said it will continue to work with the Welsh government to address concerns from its member agents.

Mr Thomas added: “It remains to be seen if the changes across Wales will impact the supply of rented property and potentially change the types of landlords willing to invest.

“With all changes, opportunity is there for the taking. Good, reputable agents who fully manage properties and are well-versed in ensuring all requirements are adhered to will be vital to making investment for landlords stress free.”

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