EPC Minimum Standards For Rentals Looms
Landlords in England and Wales have until 1st April to ensure that their properties comply with minimum energy standards. From 1 April all properties let on new tenancies will require an EP certificate to prove that they have a minimum energy standards EPC rating of E.
There are some exemptions to the government legislation. These include some listed buildings and ‘hard to treat’ properties for which solid or cavity wall insulation is not suitable for structural reasons. Landlords who obtain exemptions will generally be allowed to defer the improvements for up to 5 years.
Chief executive of the Association of Residential Letting Agents (ARLA), David Cox, commented: “After the deadline passes at the end of this month, landlords face fines of up to £4,000 for flouting the law, or losing money on empty properties which can’t be let until they meet the standards. This will also have implications on the wider rental market, which is in the midst of a serious supply crisis.”
He added: “There are Green Deal finance plans available and you can contact companies such as Propertymark’s industry supplier ECO-Energi to find out how to upgrade your property for a low cost. For any landlords who haven’t yet started to upgrade their properties, now is the time to act, and quickly.”