With only 12 months to go until landlords will be barred from granting a new tenancy or renewal if the energy efficiency of their property is graded F or G, the issue is gaining more publicity.
This change to the rules and the work that will be required in improving properties before April 2018 is another very good reason why a landlord should work closely with a professional managing agent. We know we will keep our clients updated with legislation changes, their property safe and keep their tenants happy.
Our property managers have been working hard to bring the properties in our portfolio up to the required standard, however many landlords will be unaware of what's required. If you have any questions about the changes or would like to know whether any work is necessary, our local property managers are on hand to help!
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Landlords are facing a “ticking time bomb” under rule changes that will make it illegal to rent out buildings that fail to reach a minimum standard of energy efficiency. Energy Performance Certificates were introduced a decade ago as a way of measuring the energy efficiency of buildings, using a system of grades from A, the most efficient, to G, the least. From April 2018, owners will be barred from granting new tenancies or renewing existing ones in properties that fall into the bottom two categories, F and G, unless an exemption applies. For residential landlords, all their tenancies will need to comply by 2020 regardless of when they were signed; commercial landlords will need to bring all tenancies into line by 2023. Government figures suggest one in five commercial properties in the UK fall into the F and G categories.