Renewal of Licence
The Property Services (Regulation) Act 2011 provides that a licensee should apply to renew their licence 6 weeks before the licence expiry date. Where the licence expires on 5 July (the majority of licences) an application should be made no later than 25 May. The onus is on the licensee to ensure they apply to renew their licence in time. The non-receipt by a licensee of the Authority’s renewal reminder letter is NOT a reason which will be accepted for making a late renewal application or not making a renewal application. Failure to apply before the statutory deadline will mean that a licence is no longer valid after the expiry date of their licence. The only exceptions to this is where a licensee can satisfy the Authority that exceptional circumstances arose which prevented them from making their renewal application.
Where the licensee does not make a renewal application prior to the statutory deadline or satisfy the Authority that exceptional circumstances arose preventing them from submitting their renewal application, the licensee will be required to submit a new licence application. The licensee will be prohibited from providing property services until such time as the new application is assessed and a licence is issued under that application.
You are required to register on Licences.ie
Go to www.licences.ie and follow the onscreen requirements under “Register” [Your Email address and Password will be required]
Please see Link for a Video Guide How to register on Licences.ie https://youtu.be/tdY65IWrkcc
Licence Renewal & Payment Online
PSRA renewal invitation letters providing you with a PIN number will issue in April 2018. From that time, those with a licence expiry date of 5th July 2018 can renew licences online.
Business Online Renewal Video Guide Click HERE
Employee Online Renewal Video Guide (Making payment) Click HERE
Employee Online Renewal Video Guide (Requesting Employer to pay) Click HERE
Employer guide to completing Licence renewal application online - Click here
Employee guide to completing Licence renewal application online - Click here
All licence renewals expiring on 5th July 2018 must be submitted online by 25th May 2018.
The renewal application form should be accompanied by the following:
- Accountant's Report:
An accountant’s report must be submitted by a property services employer (company, partnership or sole trader) or an independent contractor when making an application to renew a licence.
“PSRA/S35 – renewal ABC” is to be completed where a "client account" is held. PSRA S35 - Accountants Report Renewal ABC (2018) Click here.
“PSRA/S35 – Renewal D” is to be completed where services charges and/or sinking fund contributions are paid into a "relevant account". PSRA S35 - Accountants Report Renewal D (2018) Click here.
Both forms will need to be completed where a “client account” is held and client money is also paid into a “relevant account”
Below, for illustration purposes, are some worked examples of question 1.5 on the Accountant's Reports where the Accountant completes the Report on 15 May 2018.
Example 1: For those with a 31 December "accounting date" the accountant would complete the Report covering the period 1 January 2017 to 31 December 2017 using the "balancing statements" in respect of 30 June 2017 and 31 December 2017.
Example 2: For those with a 31 May "accounting date" the accountant would complete the Report covering the period 1 June 2016 to 31 May 2017 using the "balancing statements" in respect of 30 November 2016 and 31 May 2017.
Example 3: For those with a 30 April "accounting date" the accountant would complete the Report covering the period 1 May 2016 to 30 April 2017 using the "balancing statements" in respect of 31 October 2016 and 30 April 2017.
- Professional Indemnity Insurance:- Part C of the licence renewal form specifies whether or not a policy must be submitted.
- Duplicate Certificate of Incorporation:- (For Companies only) This must be dated and signed within 4 weeks of the date of the application. Available free of charge from the Companies Registration Office website http://www.cro.ie/search/DuplicateCert.aspx.
- Licence Fee:- €1,000 for the business* and €100 for each Principal and Employee.
- Contribution to the Compensation Fund:- €200 for the business* and €50 for each Principal and Employee.
Payment covering multiple applicants:
Total payment for a Company, partnership or sole trader where the payment covers multiple applicants
|Company, partnership, sole trader or independent contractor|
|Employee or principal officer|
For each addition employee/principal officer add €150 to the total.
*Note: In the case of a sole trader or independent contractor the payment in respect of the business also covers the sole trader/independent contractor i.e. there is no need to pay an additional principal officer payment. ^ Back to top
|Number of employees/principal officers* included in payment|
|Total payment (inclusive of business payment)|