From Sunday 1st April 2018, the new minimum energy efficiency standards were introduced for privately rented property (England and Wales) Regulations 2015. It is currently a legal requirement that all property that is marketed for sale or to let must have a valid Energy Performance Certificate (EPC). Are you up to date with your EPC?
These standards require landlords to achieve at least E rating on the EPC before granting on any new or existing tenancy agreement. This means that if your property rated as F or G, which is the lowest grades of energy efficiency, you cannot let or extend existing tenancies until the rating is improved. If you entre a new tenancy agreement without making the necessary improvement, you could be fined.
These standards require landlords to have an up to date EPC on all their properties. If any of the properties falls under F rating, they must make the required improvements now to bring them up to standard.
With many changes in the property market in recent months, landlords are expected to keep up to date with the new regulations. Recent increase in regulation make it more of a challenge for landlords to stay on top of their obligations.
Speak to us if you would like to know how we can help you to keep you up to keep you on top of the changes and how our service can be a value to you.