The regulatory impact of the green agenda
The year will herald increased complexity for landlords as the government pushes to cut greenhouse gas emissions and bolster safety standards for tenants.
1 minute to read
All landlords have been required to obtain an Energy Performance Certificate (EPC) before they can let out a property since 2013, with ratings from A for the best performing properties, to G.
From April this year, you cannot continue to let properties to existing tenants if your property is rated F or G. This presents particular challenges for property owners in rural locations where period homes are common.
Recommendations for improvements can range from installing a new boiler to entirely recladding homes.
Meanwhile, from July all landlords must ensure electrical installation inspections and testing are carried out for all new tenancies. From April 2021 this will apply to existing tenancies.
Both overhauls can mean increased costs for landlords, but with the right advice the process can be managed. Draft EPCs are easily obtained and exemptions are common. It’s worth being proactive and getting the right advice about your property.
Kathryn Brown, Rural Asset Management