The Association of Residential Letting Agents is reminding its members to tell landlord clients that they have only a month to ensure their properties comply with the government’s new Minimum Energy Efficiency Standards.
From April 1 all rented properties on new lets, including renewals, must be minimum EPC rated E.
“Landlords have been responding to tenants’ demands for better quality and better insulated homes over the last few years; the number of properties which are EPC rated F or G has fallen from around 700,000 in 2012, to 300,000 today. However, there are still a lot which don’t meet the standards” cautions David Cox, ARLA Propertymark’s chief executive.
He warns that after the deadline passes at the end of this month, landlords face fines of up to £4,000 for flouting the law, or losing money on empty properties which can’t be let until they meet the standards.
“This will also have implications on the wider rental market, which is in the midst of a serious supply crisis” says Cox.
ARLA says there are Green Deal finance plans available, including one through Propertymark’s industry supplier ECO-Energi, for landlords who haven’t yet started to upgrade their properties.
Cox concludes: “Now is the time to act – and quickly.”