On 1st April 2018 it mandatory for ALL properties rented out in the Private rented sector under assured tenancies, assured shorthold tenancies and Rent Act tenancies to have an Energy Performance rating of E or above.
The idea behind the legislation is to improve the overall CO2 emissions from buildings and to meet the legislative target of zero emissions by 2050
The Energy Performance rating is calculated when a qualified assessor produces an Energy Performance Certificate (EPC) following an inspection of the property.
Landlords will not be able to renew existing tenancies, whether a new tenancy agreement is signed or not, or grant new tenancies if the property has less than the minimum EPC rating of E
Landlords whose properties fall below the new E standard will have to carry out works to improve the energy performance of the property to bring it up to a rating of E before they can rent it out again or face civil penalties.
Renting out a non-compliant property will result in fines between £2,000-£4,000 these will be administered by local authorities.
There are 6,463 properties in Hemel Hempstead which fall into the E rating category and 1,776 which fall into F or below, it is not possible to estimate how many of these are in the private rented sector.
If you are a landlord and you want to learn more about this new legislation and how it will affect your rental property come along to our event on 13th March where we will be covering this topic in great detail with an award winning industry expert.
Contact Jules Ford at Hemel Landlord & Property Network for more details HLPN1@outlook.com 07904288188
To book tickets https://www.meetup.com/Hemel-Landlord-PropertyNetwork/events
*Source: English Housing survey
