FOR IMMEDIATE RELEASE
Thursday, 8 March 2018
“With the countdown now on and with just over 3 weeks till the legislation becomes law, Landlords in breach of the new EPC legislation, may face penalties between £2,000.00 - £5,000.00 per property!”
I wanted to check to ensure that you were aware of the upcoming changes in legislation regarding rental properties and their EPC ratings.
From 1st April 2018 landlords will not be able to let properties with an EPC rating below an E.
Any tenancies that started before 1st April 2018, and are in their fixed term will not be affected until the tenancy is renewed (in any form, be that a statutory periodic tenancy or a new fixed term tenancy). If they are renewed you will be in breach of the legislation and the let will be unlawful, and you could incur a fixed penalty fine.
If a tenancy is already in a statutory periodic tenancy, there is a grace period until 1st April 2020.
In some cases a new EPC being completed can improve the rating from an F to an E (because of changes that have been made to the banding's over time).
Some properties are exempt from this new legislation, but you have to ensure that you meet the criteria for an exemption and then apply for that exemption by emailing the BEIS (The Department of Business, Energy and Industrial Strategy) minimum standards team at PRSregisteraccess@beis.gov.uk or calling + 44 (0) 20 7215 5000.
More information can be found on the Government's website by clicking here or call the Stonelink International team for professional assistance on: + 44 (0) 207 993 4081.
Kind regards, Nicholas A. Tsiougos
Stonelink International London
… a bit about Stonelink International London
Stonelink International is London’s Real Estate Broker of choice for growing business owners and portfolio property investors. We hold your hand and help you through the emotion of buying, selling and managing your commercial and residential portfolio.
Telephone: + 44 (0) 207 993 4081
New EPC Law: https://www.youtube.com/watch?v=TLJNIqqKsRs&feature=youtu.be
Stonelink International - London's Real Estate Broker for Investors and Business Owners
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