Cherwell buy to let property investors could be fined up to £5,000 as part of a new crackdown proposed by council officers in the area.
Rogue landlords in the Cherwell district could potentially face fines as the authority is now able to use powers that were made law in April 2016. The powers aim to improve the energy efficiency of privately rented properties. As part of the regulations, domestic private rented properties are required to have a minimum Energy Performance Certificate (EPC) rating of E. Landlords were also banned from renting out properties with an EPC rating of E from April 1.
Furthermore, landlords must also not renew or extend existing tenancies as part of the new energy restrictions if the homes are not up to scratch. Landlords are also banned from letting out any sub E-rated properties as part of all existing tenancies as an additional part of the regulations.
Anyone who is caught letting out a sub-standard property for less than three months is liable to be fined a maximum of £2,000. The penalty will then be doubled to £4,000 if landlords are found to have rented out a sub-standard property for more than three months.
It is expected that the fines will be approved by Cherwell District Council’s executive at a meeting on Monday. Other additional penalties include fines of up to £2,000 for the failure to follow a compliance notice as well as the same fine for registering a PRS exemption register.
If there is insufficient action taken, the maximum fine of £5,000 can be added to. If landlords do not adhere to the law despite being fined, another penalty of £2,000 could be levied on the investment property owners. Only a council officer or one of its authorised officers has the authority to hand out notices.