The importance of having an accurate and up to date EPC (Energy Performance Certificate) continues to grow, as this certificate has quickly become one of the key documents required when letting your property.
In April this year, the Government implemented new legislation MEES (Minimum Energy Efficiency Standards) that required rental properties to be rated at Band E or above on their EPC before granting a new tenancy to new or existing tenant(s).
Until now, landlords with properties rated as Band F or G have been required to make improvements to the energy efficiency where support was available to cover the costs. The new measures announced this week now require landlords to contribute to the cost of upgrades.
Following public consultation, the Government have concluded that a cap will be set at £3,500 (inc VAT) for any necessary upgrades. Any investment in the energy efficiency of a property, made since October 2017 can be counted within the cap. The planned date for the amended regulations is yet to be announced. If the energy efficiency of your property is below par, act now and beat the clock!
For properties in breach of the regulations, local authorities can enforce measures or issue a fine up to £5,000.
Don’t become one of the statistics. If you are concerned and/or require an updated EPC, please contact Stuart Coward, Senior Domestic Energy Assessor T: 01229-588111 or email email@example.com
Alternatively, Poole Townsend provide weekly sessions dedicated to Landlord lettings advice every Thursday morning. Please drop in.