General

Happy New Year! I hope you enjoyed the festive period and are now looking forward to a healthy and prosperous 2022. In my last blog, I wrote about the effect that the Government’s response to COVID has had on the housing market since March 2020.

Now that winter is truly with us, nature presents us with some challenges; follow our helpful tips to ensure you’re prepared, you’re fulfilling your obligations as a tenant, and you’re living comfortably.

The requirement for landlords who let a property in Wales on a domestic tenancy (regulated, assured or assured shorthold) to register with Rent Smart Wales was introduced five years ago, and the registration is valid for five years.

Demand for rental properties has surged in South Wales over the past 18 months, even remaining steady through the lockdowns, with key worker relocation and relationship breakdown being two examples across a broad spectrum of reasons for people needing to move. This demand, coupled with a lack of supply, has led to an unprecedented rise in rental values.

At Red Key, we recommend landlords follow the latest industry news and ensure they meet all the rules and requirements for rental properties. Read our essential checklist to learn more: