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Landlords must check the energy efficiency of their properties

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Buy-to-let landlords must check or improve the energy efficiency of their properties by 1st April 2018, the date when the new Minimum Energy Efficiency Standards Regulations take effect.

 

Landlords must check the energy efficiency of their properties

 

These new regulations mean that landlords will not be able to give new leases to tenants, even if they are current tenants, if the property has an Energy Performance Certificate (EPC) band rating of F or G.

Landlords should improve the energy efficiency of their properties by April next year, otherwise they may be liable for a fine of up to £150,000 and not be able to let out their properties.

Kent-based Law Firm Furley Page has urged buy-to-let landlords to put covenants in any new leases which ensure the tenant does not do anything to reduce or ‘diminish’ the EPC ratings of the property.

Partner at Furley Page, Liz Brady, said: “Prudent landlords should be preparing for the change now.”

She continued: “EPCs last for 10 years and were first carried out in 2008. Those early EPCs are due for renewal on new lettings in 2018. Landlords may well consider that they are ‘safe’ from the penalties of the new regulations as their early EPCs showed a band rating of D or E so they may expect any renewed EPC to be similar…but properties with original band ratings of D or E (accounting for about 47 per cent of all such properties) are at risk.”

It’s important that landlords carry out energy assessments on their buy-to-let properties to ensure they meet the required standards imposed by the new regulations.

For more information, view the link below:

Residential Landlord 

Neil Jennings

Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.

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