Author : Mary-Anne Bowring
How energy efficient is your rental home?
Last week we blogged about the new electrical safety regulations that come into force on 1 July. Today we’re reminding landlords to put 1 April in their diaries too, because new rules on energy efficiency are being rolled out. Since 2018, minimum energy efficiency standards (MEES) have been in force for new tenancies in England and Wales. The regulations outlaw new tenancy agreements on properties with an energy performance certificate (EPC) rating below E - unless the property is exempt. But from April this year, the MEES regulations will apply to all rental properties and it will become illegal to rent out any home with an existing or continuing tenancy that fails to meet the minimum required energy rating. Here are five ways that you can improve the energy efficiency of your property:
If for some reason you can't carry out work immediately, there are some temporary exemptions available for the:
Breaches will result in financial penalties–which in some cases could be as much as £150,000 - so don’t ignore the deadline. April is only two months away, so landlords are advised to get their properties assessed and any works budgeted for sooner rather than later. Access will be needed to carry out the required work and arranging this with tenants can take time. The smart money is on the Government raising the bar again in a few years and property pundits think D or even C is likely to be set as the minimum EPC rating in the future. So if landlords have work to do on their rental homes, it’s well worth installing energy-efficient appliances, replacing those draughty doors and windows, and upgrading insulation to ensure properties achieve a C rating now.
Mary-Anne Bowring FIRPM FRICS FARLA FCABE Founder/Head of Asset Management
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