Fri 17 Nov 2017
As most landlords are aware you require a property that you would like to let out to tenants to have an Energy Performance Certificate (EPC). This has been a legal requirement from 1st October 2008. On the day that you market a property you should have had an EPC or have ordered one. If you have ordered one then you must have the EPC with 30 days of the marketing date.
An EPC in a nutshell gives a property a rating for house and how engery efficent a property is. An EPC gives a rating of A to G, with A being the most efficient and G being very inefficient. An EPC is supposed to give tenants an idea of the typical running costs of running the property they intend to let. However, in my experience of moving in hundreds of tenants over the years, I have never had a tenant refuse to take a property because of its EPC rating.
However this might be about to change, not becuase a tenant does not like the EPC rating of a property, but becuase the law is changing. From the 1st April 2018, any property that comes to the market from this date will require an EPC rating of E or above. Failure to comply, unless there is an accepted exemption, could mean landlords face a penalty of up to £4000 if they fail to meet the minimum efficiency standard.
From the 1st April 2020, this same rule will apply to all existing tenancies.
I did a little research into the EPC’s data that have been carried out in the Plymouth local Authority area. There has been 83,941 EPC carried out in the Plymouth area and 4050 had a rating of F or G. This means that nearly 1 in 21 properties in the Plymouth area if they came to rental market from the 1st April 2018 would not be able to be rented out.
If you are worried about your EPC rating on your property and would like some advice on what action you can take to improve your EPC rating before the 1st April 2018, please feel free to contact me in the office on 01752 710747.
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