Landlord and agent status is available to all landlords in Northern Ireland who own and accept liability for rates (does not include a landlord’s residential address, second homes or personal holiday homes).

What is Landlord status?

Landlord status is available to any domestic rented property with a capital value of less than £150,000, or a non-domestic property with a Net Annual Valuation of less than £1,590.

 What is Agent status?

 Agent status is available to anyone with a rented property regardless of the capital value for a domestic property or Net Annual Valuation for a non-domestic property.

 Details of Landlord Status:

  • 7.5% allowance given on the total rates due; 
  • Deadline for payment of rates is 30 September (if payment not received by this date the allowance will not be granted);
  • If the property becomes vacant the landlord may receive exemption from payment for this period;
  • The landlord’s residential address and any holiday homes or second homes are not eligible for the 7.5% allowance;
  • If the capital value of a property is between £55,000 and £150,000 the landlord is required to provide a full tenancy agreement to Land & Property Services before landlord status can be granted on that property;
  • Land & Property Services must be notified of any change in ownership of the property/properties as soon as reasonably possible.

Details of Agent Status:

  • 15% allowance given on the total rates due;
  • An agreement form must be signed and returned to Land & Property Services – this agreement will remain in force until 31 March each year;
  • Deadline for payment of rates is 30 September each year;
  • If the property is vacant the landlord will not receive exemption from payment for this period;
  • The landlord’s residential address and any holiday homes or second homes are not eligible for the 15% allowance;
  • Land & Property Services must be notified of any change in ownership of the property/properties as soon as reasonably possible. 

What are the differences between Landlord Status and Agent Status?

 

 

 

Landlord Status

 

 

Agent Status

 Allowance given 

 

7.5%

 

15%

 Tenancy agreements 

 

Yes, if capital value is at least £55,000

 

No

 Agreement form 

 

No

 

Yes

 Value of property  Domestic property – Capital value less than £150,000.Non-domestic property – Net Annual Valuation less than £1,590. 

 

N/A

 Exemption when property is vacant 

 

Entitled

 

Not entitled

 Withdrawal from scheme

 

Anytime during the year

 

Must remain until 31 March each year (unless property is sold)