Landlords urged to improve EPC ratings
From 1st April 2018, the 2015 Energy Efficiency Regulations which detail the minimum energy efficiency standards for England and Wales, make it illegal for landlords to agree a new tenancy or lease for a property with an EPC rating below E.
Buy to let landlords and property investors should therefore start planning and preparing to improve their properties EPC ratings now to avoid any legal disputes in the future.
Landlords who are found to be letting a property in breach of the new legislation may face prosecution enforced by the local authority and incur a civil penalty of up to £5,000. A compliance notice must also be served on the landlord by the local authority requesting them to bring the property up to the minimum required standard.
Danielle Hughes, solicitor at Kirwans law firm, advised that some properties will only need a few minor tweaks to bring them up to standard with the new requirements however others will need more substantial works which will come at a cost.
Hughes added: “Careful assessment of the options and setting an appropriate plan of action over the next 12 months is the best way to ensure that the properties are ready and fully compliant by April 2018. Planning now will also have the obvious benefits of spreading the cost and making sure that the relevant third party contractors are available to undertake any necessary work.
Before scheduling a visit from a Domestic Energy Assessor, landlords should spend some time looking at the different methods of improving their property’s energy efficiency rating and chose which is right for them.”
Full article, including tips on how to improve your EPC rating, available on LandlordTODAY: https://www.landlordtoday.co.uk/breaking-news/2017/3/top-tips-for-improving-your-propertys-energy-efficiency-rating