Energy Efficiency Regulation Changes
The government has decided that tenants in low energy-rated
rental properties spend significantly more on energy bills than those in high
energy-rated properties. According to figures, over 33% of tenants are
reportedly unable to afford their fuel costs, this rises to 45% for tenants in
F/G rated properties.
If your rental property already
has an energy efficiency rating of E or above, then you are already compliant
and can relax FOR NOW. If not then you need to start to think about
what changes you need to make to improve your properties energy efficiency
rating.
From 1st April this year ALL rental properties with new tenancy
agreements signed MUST have an EPC
rating of at least an E, if you already have a tenant living in your property
before this time who is happy to continue without signing a new tenancy
agreement then you are safe FOR
NOW. These
regulations will be extended to landlords of existing tenancies whether a new
tenancy agreement is signed or not by 2020.
Things to do if you have a low rated EPC
1.
Check the recommendation
section on your current EPC, this will advise you on what changes can be made to
increase the rating. Some may be small others may be more expensive.
2.
Speak to the assessor
who did your original EPC as they may have more in depth advice without
spending too much money.
3.
Make the changes in
plenty of time of your next void time and have a new EPC generated
4.
BE COMPLIANT to avoid fines of up to £5,000 PER property.
If you need help or advice please contact our team at Spencer so that we can help you make sure you comply before the next void period so that we help to mitigate any losses.
Call Lynn, Emily, or Ash now on 0114 2683682
www.spencersestateagents.co.uk
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