Landlord Update: New Legislation to Take Effect Soon. Act Now!
Some of you may be aware of the upcoming changes regarding energy efficiency ratings on rental properties. New legislation requires that rental properties meet Minimum Energy Efficiency Standards (MEES), whereby the Energy Performance Certificate (EPC) of rental properties must have a minimum rating of E. There are 2 dates to bear in mind with this, which are as follows:
As of April 1st 2018, it will become illegal to rent out properties that do not achieve an EPC rating of E or above. This means that any new tenancies or any tenancies due for renewal after this date must meet this criterion.
As of April 1st 2020, all existing tenancies will need to meet the MEES requirements.
Penalties for not meeting the requirements are not minor – Trading Standards can impose fines of up to £4,000 on illegal properties.
“The first thing to do is to make sure each of your properties has a valid and up-to-date EPC that takes any changes and improvements into account. If any issues are identified, landlords can improve their rating through a few ‘quick win’ energy efficiency measures if not already put in place” says Paul Broomham, Head of Lettings at Jones Robinson.
Luckily for us, only a very small number of properties will be affected by the new requirements. However, if you are at all concerned then give us a call. We can find out whether your property needs assessing, and help and advise you through any further necessary steps. Call us on 01635 581991 to learn more.