Residential landlords must show their EPC to new tenants
Since the 1st October all residential landlords in England and Wales now have to supply an Energy Performance Certificate to any new tenants wanting to rent their property.
Just like home sellers, those putting a house up for rent must have an EPC in place before the marketing of their property can begin.
Landlords that refuse can be hit with a £200 repeatable fine for each property that they own that doesn’t have one.
The rating system used is intended to give potential tenants an idea of energy efficiency and fuel costs.
However some landlords see the new regulation as imposing more expense on them for no reason. This is because the recommendations made in the EPC to improve the efficiency of the property are not obligatory.
Also according to a recent YouGov poll, 75 per cent of tenants don’t care much about the energy efficiency of a potential rental property with location, access to amenities and transport links still the major deciding factors.
The EPC is another form of paperwork that landlords will be obliged to have in place to rent a property. Other paperwork that is important is let property insurance, with added home owner’s liability insurance, that can be bought from www.insuremyletproperty.co.uk
October 03rd 2008
- Rental market more accessible to landlords
- Countdown 4 days to go to get an EPC
- Landlords receives large fines
- UK rental market to thrive during the economic downturn
- Landlords warned of new law to speed up repossessions
- National Landlord Association passes 35 year milestone
- Agents open lettings offices to stay afloat
- Mortgage brokers look to professional investors to keep the mood upbeat
- Booming Rental Market
- Student lets head the buy to let market
- Bradford and Bingley collect rent direct
- Bradford