The Renting Homes (Fees etc.) (Specified Information) (Wales) Regulations 2019
19 Nov 2019 Agents   General   Landlords  

The Renting Homes (Fees etc.) (Specified Information) (Wales) Regulations 2019

The Renting Homes (Fees etc.) (Specified Information) (Wales) Regulations 2019 have been laid in the National Assembly for Wales, and unless annulled, will be effective from 13th December 2019.

The intention of the regulations is to ensure that a prospective tenant does not provide a holding deposit unless specified information has been provided to them. Also to provide that a landlord or agent is not able to require a holding deposit unless the relevant information has been provided to the tenant.

This allows prospective tenants to make an informed choice about whether a tenancy is suitable before making a financial commitment. In particular, it is considered that information relating to the costs associated with the tenancy and the need for a guarantor should be made clear prior to a holding deposit being taken as these have a significant bearing on a tenant’s ability to take up the tenancy.

The regulations now make it a requirement for the following information to be provided in writing to a prospective contract-holder:

  • amount of holding deposit
  • identify the dwelling in respect of which the deposit is paid
  • name, address, telephone number and any email address of the landlord (and if instructed, the letting agent)
  • nature and duration of the contract
  • proposed occupation date
  • amount of rent or other consideration
  • rental period
  • any proposed additional contract terms or proposed modifications or exclusions to fundamental or supplementary terms
  • amount of any security deposit
  • whether a guarantor is required and, if so, any relevant conditions
  • reference checks the landlord (or letting agent) will undertake
  • information the landlord or letting agent requires from the prospective contract-holder.

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