Did you know that from 1 April 2018 you won’t be able to let out your property if it has an Energy Performance Certificate (EPC) rating of less than ‘E’? Did you know that this applies to both residential and commercial property which will be deemed ‘sub-standard’ if it has an EPC rating of F or G?
The minimum energy efficiency standards provide that landlords must not grant new leases of sub-standard property after 1 April 2018. From 1 April 2020, residential landlords must not continue to let out sub-standard property on existing leases. Commercial landlords are similarly restricted from continuing to let out sub-standard property on existing leases from 1 April 2023.
This could mean a lot of properties that may be un-lettable from 2020 and 2023. Landlords are required to carry out energy efficiency works to improve EPC ratings or face large fines going forward if in breach. Don't delay, become more energy efficient today.
One in 10 rental properties in the UK could be unlettable next year, according to government figures, if landlords fail to improve their energy efficiency. More than 400,000 properties in England and Wales could be taken off the lettings market because they fail to meet energy performance standards.