March 19, 2016
Legislation in 2007/2008 saw the introduction of energy performance certificates (EPCs) which show the energy efficiency of a property and contain recommendations as to how that efficiency can be improved. An energy performance certificate is now required whenever a residential or commercial property is let or sold in England or Wales (subject to certain minimal exceptions).
From our experience, property owners and tenants do not pay much attention to the energy ratings of a property but perhaps after reading this article they might…
Regulations are expected which will mean that from April 2018, it will be illegal to rent out residential or commercial properties which do not achieve a minimum energy efficiency rating. It is anticipated that the minimum energy rating will be F or G, so in 2018 it may become illegal to rent out a property with an energy efficiency rating of F or below. It is estimated that these regulations will affect approximately 20% of properties in England and Wales.
Although the details themselves have not been finalised, regulations along these lines will certainly be introduced. Property owners may therefore want to prepare themselves for 2018 and consider doing the following:
It will be interesting to monitor the introduction of the regulations and no doubt questions will arise, for example:
The answers to these questions will come in time and property owners may want to wait until 2018 but they should be aware that owning an inefficient property now will be costly in the long run!
For further information, please see here.
Beverley Merrell is a Director at BHW Solicitors in Leicester and regularly writes on commercial property issues. Beverley can be contacted on 0116 281 6221 or by email email@example.com.
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