The new minimum energy efficiency laws for landlords are going to have quite an impact. Landlords have around six months to make sure that their rental properties meet the new minimum energy efficiency standards or (MEES).
To avoid hefty fines, it’s advisable to find out more about MEES with regard to an energy performance certificate (EPC) rating. If you’re not too sure what an EPC is all about here is some useful info:-
- An energy performance certificate (EPC) is a guide which potential buyers or tenants get when looking at a property. Even properties which are put up for sale or rent need to have an EPC. An EPC certificate generally costs between £60-£120.
- EPCs use grades from A to G. These show how efficiently a home uses energy while also including the cost of running a property. In addition to this, there are recommendations of how to improve the energy efficiency of the home.
- As stated earlier, EPC uses grades from A to G. Grade A includes an energy efficient well-insulated property (a dwelling that’s usually modern). At the other end of the scale, a grade G usually means a draughty old building.
Minimum energy efficiency standard rules
It won’t be too long before the upcoming EPC/Minimum Energy Efficient Laws are introduced in 2018. With this in mind, it’s well worth looking into the new minimum energy efficiency standard rules. By April 2018 all buildings within the scope of MEES must have a minimum energy certificate rating of E. If not, the property will be illegal to rent out. Any homes rated F or G must be improved or taken off the market immediately unless the landlord registers an exemption.
The penalties – at present one in ten residential properties currently have an EPC rating of F or G. These will not meet the new standards. Expect to pay a civil penalty of up to £4,000 if the new minimum energy efficiency standard rules are breached. It’s imperative to make sure your rental property is in line with the minimum energy efficiency standards.
At the end of the day you will want to avoid any fines, so now is the right time to ensure your rental property meets the right standards. There’s even talk that the minimum energy standards proposed for 2018 will be raised in the future. This makes it even more important to assess your rental property’s energy efficiency sooner rather than later.
If you’re still unsure about the forthcoming energy efficiency changes, don’t hesitate to get in touch. We can help to advise you on how to improve the energy efficiency of your property. Useful information can also be provided regarding an EPC assessment especially where your rating is below E.
Don’t let the impact of new energy efficient laws catch you out. For any landlord, being unprepared for the new minimum energy efficiency laws could be very costly.