In the lead up to April, landlords have been once again reminded of an upcoming deadline to improve the energy efficiency of their properties. This, in accordance with the government’s plans to increase the minimum compulsory EPC rating for properties marketed for sale or let.
This change impacts all properties which are required to have an EPC, including those let under an assured tenancy, a regulated tenancy or a domestic agricultural tenancy. Whilst some exceptions do exist, a minimum EPC rating of E must be achieved to avoid a possible financial penalty.
Though there are several exceptions to the rule depending on the property and the landlord’s circumstances, some landlords may be exempt from this change. A couple of examples include when a landlord has paid up to £3,500 + VAT in an attempt to improve their rating, or if they have only recently become a landlord.
Paul Offley, The Guild’s Compliance Manager, explains: “The Domestic Minimum Energy Efficiency Standard (MEES) is not something new and has been around and with us for a number of years, however, this year is the final cut-off date before the prohibition on letting F and G properties will be extended to all relevant properties, regardless of whether there has been a change in the tenancy.”
In need of updating your EPC? Perhaps you’d like some advice on whether you may be exempt from this change? Please don’t hesitate to contact our team of experts at Poole Townsend and call 01229 588111.