If you’re intending to rent out a property, you may opt to take holding deposits from your prospective tenants to keep the properties while suitability checks are carried out. Here’s what you need to know about the process.Holding deposits are a fee charged to a tenant in Wales to keep the property reserved (“on hold”) for them while the necessary checks are carried out by you or your agent. This...

If you’re a landlord in Wales, you need to register with Rent Smart Wales, and you may also require a landlord license. Read our quick guide to find out more. What is Rent Smart Wales licensing & registration about? Rent Smart Wales helps landlords ensure they fulfil their Housing (Wales) obligations. The act is the first of its kind in Wales and aims improve the supply, quality and standard of...