On Friday (April 1st), the first of a series of reforms aimed at improving stock in the private rental sector in England and Wales come into force.
The Minimum Energy Efficiency Standards will see tenants living in private rental sector properties with either an F or G energy efficiency rating able to request improvements to their property. These improvements could include loft or cavity wall insulation.
If you are a landlord or agent, be aware that from Friday, you will be legally responsible for bringing your property up to at least an E rating, should your tenant request. Properties covered by the new regulations include those let under an assured tenancy or a tenancy or shorthold that is a regulated tenancy under the purpose of the Rent Act 1977.
However, you will not be required to find upfront costs for these improvements, at least for the moment!
Of course, should you wish to contribute to the expense, then that is your discretion. After all, the changes will ultimately bring the value of your property up!
Despite the Government still looking at alternatives to replace the Green Deal, the Minimum Energy Efficiency Standards will still be a legally binding regulation. Landlords or agents who decline to improve their properties to the required standards will be in breach of this legislation.
In the coming years, the Minimum Energy Efficiency Standards Reforms timeline for improvements is:
April 2018: It will be illegal to let out a property with an F or G Energy Performance Certificate Rating (EPC) as a new let. This will include a few limited exceptions.
April 2020: By this date, it will be a legal requirement for all rental properties to have an EPC rating of E or above. This will apply to both new and existing lets.
2025: All properties to have a minimum EPG rating of D.
2030: All properties to have a minimum EPG rating of C.
Make sure you familiarise yourselves with the changes.