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Property service licences to be automatically extended

A four-month extension has been applied for property services sector licences.

The measure, which applies to licences due to expire between 7 May and the end of August, is to enable property service providers to meet their licence renewal obligations, despite the COVID-19 restrictions.

Valid

Under the Property (Services) Regulation Act 2011, any business or individual who provides a property service (other than those who are subject to a similar licence or authentication scheme in another EU Member State) must hold a valid licence from the PSRA.

Licences are valid for a period of one year and must be renewed annually.  It is an offence to provide a property service without a licence and the PSRA can prosecute unlicensed property services providers.

The requirements apply to the sale, by whatever means, of land (including houses, apartments and other buildings), the auction of property other than land (including animals, art and antiques), the letting of land and accommodation, and to property management services.