Energy Performance and the Landlord
EPC's are a must these days with laws changing and updating on a yearly basis. So what can we expect from 2020?
Well another change is coming.
Landlords with properties that have an energy performance rating of F or G are now expected to pay £3500 from this year (2019), in order to bring their property energy efficiency rating up to scratch.
Since April 2018, it has been a requirement that any properties rented out in the private sector (specifically new tenancies) must now have a minimum energy performance rating of E.
But here is the change: The regulations will come into force for all existing tenancies on 1st April 2020. So every rented property will have to be E or above - unless it qualifies for an exemption.
Up until now this exemption was usually granted because either the tenant refuses consent for the works or the landlord was unable to get third party funding to cover the costs of the energy efficiency improvements. However, from April 1st 2019, the landlord is expected to pay up to £3500 in contribution to these works.
The exemptions that will now apply are:
If the tenant refuses consent for the works.
The works will cost more than the £3500 from the landlord contribution.
Those landlords with existing ‘no cost’ exemptions will now only remain covered by these until the end of March 2020.
So although most rented properties are going to require some work to pull them up to spec, it is not all as scary as you may have thought. If in doubt, and your property falls below the infamous E rating, then you have a little time to work out the best outcome.
Don't forget April 1st 2020 is the new EPC day. So get advice where and if you need it soon.