CALLING ALL LANDLORDS – NEW LEGISLATION RELATING TO MINIMUM ENERGY EFFICIENCY STANDARDS

May 14, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Margrielle Blake

 

 

If you are a private Landlord and rent a property under an Assured Shorthold Tenancy, did you know you will not able to rent your property, if the property has an energy efficiency rating of ‘F’ or ‘G’?

 

The new legislation came into force on the 1 April 2018 (no April fool!).

 

Landlords are encouraged to check property energy ratings and if the tenancy is up for renewal shortly, act now – to ensure the property is up to standard to ensure a smooth transition for the next tenant.

 

A key point to consider is that the Minimum Energy Efficiency Standards are based on a principle of ‘no cost’ to landlords. This means that if there is a cost to  improving the energy rating, the landlord does not need to carry out the work.

 

Typically, exemptions include:  all improvements made but the property remains substandard, if the improvements devalue the property by at least 5% or unable to obtain third party consent eg from the lessor or lender 

 

The property may be able to be let from the 1 April 2018, if the landlord is  able to prove an exemption applies.

 

Share on Facebook
Share on Twitter
Please reload

Recent Posts
Please reload

Archive
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square