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Minimum Energy Performance Ratings coming for Residential Landlords!

Minimum Energy Performance Ratings coming for Residential Landlords!

Chris Tapper, 19th March 2018

Minimum Energy Performance Ratings coming for Residential Landlords!

From 1st April 2018 any residential property that is let, or re let including a renewal of the tenancy will need to have at least an Energy Rating of “E”

From 1st April 2020 you will be in breach of the new legislation if you continue to rent any property out below an “E”

Landlords will need to improve properties to meet the minimum standard, but at the moment there is a section about “no cost to the Landlord” which relied on the Green deal to help.  This arrangement is no longer available and there is currently a consultation on a possible cap on the costs. This is due to end on March 13 2018. The government is currently looking at a cap of £2500 but this may change.

Gas Central heating and UPVC double glazing are always things that potential tenants will comment on if they are missing. Extra Loft Insulation and Cavity wall insulation can also help. The more efficient a property is the less it should cost to heat and hopefully keeps your tenants happy.
As a tenant you should hopefully have seen a copy of the Energy Performance Certificate when you saw the advertisement but definitely when you signed your tenancy agreement. Be aware that certain older style properties are harder to improve the energy rating and the certificate will mention the maximum potential.

Normally the rental prices for more efficient houses tend to be more than inefficient ones. This increase might not make up for the cost of the improvements in the short term but Landlords should benefit in the Long term. Hopefully tenants will be able to afford possible higher rents by saving money on their heating bills.
If your property is just on the edge of getting an  “E” rating and has solid walls and electric heating it may be worth speaking to your energy assessor as these may have an improved rating since November 1017.

 

Contact us at Fraser wood Walsall estate agents if you want more advice on 01922 707500.
 


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