LANDLORDS – DON’T
GET INTO HOT WATER!
Tuesday, March 6, 2018
From 1st April 2018, landlords of privately rented domestic and non-domestic property in England or Wales must ensure that their properties reach at least an Energy Performance Certificate (EPC) rating of E before granting a new tenancy to new or existing tenants.
These requirements will then apply to all private rented properties in England and Wales – even where there has been no change in tenancy arrangements – from 1st April 2020 for domestic properties, and from 1st April 2023 for non-domestic properties.
18% of all properties have the poorest F and G energy ratings, but 47% of properties are D and E-rated and these may also be subject to improvement regulations in the future.
There are a number of very limited exclusions and exemptions that will enable a landlord to let, or continue to let, a substandard property. All exemptions have to be registered. Landlords in breach can be fined up to £4000.
If you are considering buying a property to let out, you should look at the EPC rating before you make an offer to buy. This will always be available from the sales agents.
For any assistance with property transactions, contact Latimer Lee on 0161 797 4000