Save hundreds on Rent Smart Wales costs and avoid extra hassle by instructing CPS Homes.
Landlords who haven’t appointed a managing agent legally
require a Rent Smart Wales landlord licence in order to self-manage their
property. In order to get this licence, they must first complete approved
training. The same is true of both when renewing a licence every 5 years, with
training now required on the new Renting
Homes (Wales) Act.
The cost of this to landlords is at least £200 – often more
if not renewing as an ‘earlybird’ – plus time and effort to complete the
application form and training.
CPS Homes SAVE landlords this cost by being appointed as the managing agent. We manage the property under our licence, so there’s no need for a landlord to have their own anymore. Even better, our staff are fully-trained, so you don’t have to be!
The Rent Smart Wales costs you need to know about as a landlord on Wales are:
Registration
- £45 online or £84 via paper
- Registration is valid for 5 years and upon expiry, renewing a registration costs £36 (online) or £67.20 (paper).
Licence - None of the below costs apply to landlords using CPS Homes to manage
- £187 (online) or £223 (paper)
- A licence is valid for 5 years. Renewing a licence costs £168 if renewing early or £187 if later (online), or £201 if renewing early or £223 if later (paper). If important new legislation has been released or updated since being granted the current licence, landlords (or their managing agent) may need to do additional training before being granted a new licence.
Training (Doesn't apply to landlords using CPS Homes to manage)
- A 6.5-hour in-person course costing £100 or a 5-hour online course costing £30
Here are just a handful of the benefits you can enjoy with
our Fully
Managed service:
- Expert knowledge on the new Renting Homes (Wales) Act
- An occupation contract that offers landlords more protection than Welsh Gov’s version being used by many landlords/agents
- Full legislative compliance with the new Fitness For Human Habitation (FFHH) rules
- Safety certificates at discounted prices via trusted contractors
- A detailed, photographic inventory scheduling the property’s contents and condition
- Check-in, check-out and regular periodic inspections, with feedback on each
- Professional marketing materials produced by our dedicated, in-house Media Team
- Automatic tenancy renewals and rent reviews in line with current market trends
The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.
