|October 1st Marks E.P.C. Deadline|
Landlords must show new tenants their Energy Performance Rating or pay a £200 fine
All landlords must now give new tenants a certificate showing the energy efficiency of their rented property. Buildings up for rent must be examined and given an Energy Performance Certificate (EPC) detailing their efficiency on a scale from A to G. The rating, similar to that on home appliances, is intended to allow potential tenants to consider energy efficiency and fuel costs.
A £200 repeatable fine can be levied per property on landlords who refuse. The new scheme, which comes into force from 1 October, will check insulation, double-glazing and the performance of the boiler and appliances.
The EPC and a recommendation report must be made available when:
Benefits to both parties
The majority of landlords intend to wait until their existing tenant leaves before acting but this could lead to unexpected voids as rental properties cannot be marketed without an EPC. It’s also critical to use an accredited assessor.
There is a silver lining. An EPC could offer landlords an advantage over their competitors with less energy efficient properties, as their homes will have tangible benefits, greener credentials and cheaper fuel bills. Getting a good rating with low running costs will make your property stand out to credit-crunched tenants.
For more information contact Christian Harper at Oliver Finn
October 1, 2008