Navigating Wales Rental Regulations: Legal Update 2023

As a landlord or letting agent, staying up to date with the latest legislation and regulations in the UK is crucial. With the ever-changing landscape, it's essential to be well-informed to maintain compliance and provide the best services to your clients. That's why the Guild of Residential Landlords works closely with Training for Professionals (TFP) who offer informative courses on various aspects of the rental market.

The Legal Update 2023 event is designed to provide you with the knowledge and insight needed to navigate the current and upcoming changes in legislation. This full-day course is led by experienced trainers who have spent years in the lettings world, understanding the challenges landlords and agents face.

Here's a comprehensive overview of what the Legal Update 2023 has to offer:

1. The State of Play under Renting Homes: With the first deadline approaching, this segment focuses on the importance of written statements and the situations where a 2-month notice can be served after the end of May deadline. The course will also discuss other elements that have arisen since 1st December 2022.

2. Signing Court Papers: Recent rulings have exposed organisations carrying out court-related work without the required authority. Learn why you must be cautious about who fills in court documents and the potential repercussions of non-compliance.

3. Damp and Mould: Following the tragic death of toddler Awaab Ishak, there has been an increased focus on dampness in properties. This section will help you identify different types and causes of moisture and learn the proper remedies to deal with these issues confidently.

4. Economic Crime (Transparency and Enforcement) Act 2022: Understand which of your landlords should be checked against the sanctions register and the necessary steps to take if they are listed.

5. Overseas Entities: Learn the importance of identifying property owners, their obligations, and why you need to be informed about the beneficial owners of properties owned by overseas entities.

6. Making Tax Digital: New rules are set to be enforced for landlords from 2024. Get a detailed overview of these rules, which they will affect, and the advice you should provide to your landlords.

7. Recent Case Reviews: Stay updated on the latest legal decisions and their implications for landlords and agents, including rent repayment orders, restrictive covenants, and the Property Ombudsman's decision concerning children in rented properties.

The Legal Update 2023 courses run in various locations, including Cardiff, Wrexham, Bangor, Swansea, and an online session. The full-day course costs £187 + VAT, with a course time of 9.30 am to 4.30 pm. All TFP courses may count towards your CPD requirements for most relevant bodies, including RICS, UKALA, Propertymark, LLAS/ATLAS, and ILEX, with a full-day course counting 6 hours.

TFP offers a Training Guarantee, ensuring complete satisfaction with the course content and presentation. If you're unsatisfied, you can request a full and courteous refund.

Don't miss out on this opportunity to stay informed and compliant in the ever-changing world of residential lettings. Book your place now at TFP Online and ensure you're up to speed with the latest legislation changes.

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Investing in a Property

Investing in a private rented property can be achieved in a variety of ways. Sometimes landlords inherit a property that they then turn over to renting. Sometimes owners of properties become unintentional landlords because they are unable or unwilling to sell a property at the value the market currently dictates.