1st August 2017
Many of the EPC’s that we did 9 years ago are now about to expire and new ones ordered, but before you do... Have you heard that from next year, all properties have to be a minimum of EPC rating E in order to be rented?
It is estimated, that this will affect over 300,000 properties in the private rental sector, so action needs to be taken now to get ready for this requirement.
It only applied to new lets on properties for now, until 2020, then the minimum EPC rating will apply to ALL rented properties.
There are some Greed Deal initiatives launching soon, so it is important to ensure that when these launch, we collectively make the most of these (grants towards works) which will help both with the rental potential, the value of your property and to bring properties in line with the minimum EPC ratings.
So what should you do?
If your property is Grade I or Grade II listed, then there is no need to have an EPC at this time, but if you HAVE had an EPC done at some time in the past, then you will need to make sure your property is up to a minimum grade of E, before it is re-let after April next year.
If you have any questions, then please don’t hesitate to contact our local agents and have a chat with them about possible solutions.
To find out more about MEES, David Cox (CEO of ARLA) talks with me around what landlords need to be doing right NOW to prepare themselves and their property for April next year.
CEO of Concentric Franchise