From 1st of April 2018 Landlords must meet the maximum energy levels regarding residential properties. If not, they will face a fine of up to £5,000.
What is EPC?
EPC is the Energy Performance Certificate which illustrates the energy levels flowing throughout a property. All properties either for rent or sale legally have to have an up-to-date EPC which is shown as a Grade; for example, the highest, most efficient property will have a Grade A status and the property with the least efficiency will have a lower grade which tends to be a Grade G.
What is changing?
From 1st April 2018, the new rules mean that all rented homes within England will have to have at least the minimum rating of EPC, a Grade E. The new changes will be brought in slowly allowing new tenants to understand what EPC means. Therefore, for now, it will only apply to new tenancies or renewals but the eventual proposal is for this to be incorporated in to all existing tenancies.
What happens if the Landlord or Letting Agent don’t comply?
The new rules will mean that legally Landlords and Letting Agents cannot just let out or sell a property of a poorly rating. The new rules mean the minimum of grade will have to start at Grade E and if they ignore this they can be fined up to £5,000.00.
Are there any other fines involved?
Yes, if you are found to be in breach of the regulations then the fine of up to £5,000.00 may be given for providing false information, failing to adhere to the regulations or attempting to rent out properties that do not meet the required standards.