Landlords Beware - EPC’s are coming
Is 1 October 2008 imprinted on your mind?
Landlords beware - Energy Performance Certificates (EPCs) will be mandatory for any property offered for rental after this date. EPCs will help new tenants to know what bills they should be expecting to pay, but also identify where Landlords can make ’savings’ and their property more energy efficient.
Landlords - take note!
• An EPC is mandatory for all new lets
• The EPC must be available to prospective tenants before they view your property
• Before a new tenancy starts, tenants must be supplied with a copy of the EPC
• An EPC will not be required for a renewal of a tenancy
• The certificate is valid for 10 years
• If the landlord carries out any improvements to the property, an EPC can be renewed
As a Landlord you
- can carry out certain works for which you may be able to claim a Landlord’s Energy Saving Allowance by setting certain expenditure up to £1500 per property against your income tax
- are not required to carry out any of the works suggested by the EPC
For more information or ideas to save you money check out Communities or Energy Saving Trust.
Do you have any advice for Landlords setting up their EPC’s? Comment NOW. No time to lose!
This entry was posted on Friday, August 8th, 2008 at 9:41 am and is filed under Buy-2-Let. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Note that HMOs will not require EPCs - yet!
For all other domestic EPC requirements contact deadux@hotmail.co.uk (South Wales)
Yet another payment to go out of an already expensive time. I can understand that the most energy efficient properties will be those snapped up the quickest - tenants can know what they will be paying out and therefore decide whether to take the property from the estimated bills etc, but do landlords really need to have to pay around £100? Surely this payment is going to come back on potential tenants with rent going up. Is there no other option?
the EPC fee will be around £100 for a house, perhaps less for a small flat - but the EPC is valid for 10 years. So yes an inital expense but not one that keeps on occuring year after year like a MOT! which is currently £53 a year.
How can anyone say a tennant would know what their bills are.These docs are only an assessment of possible savings / costs. Each individual household will be dependant on how the tennant uses energy ,leaveing lights on setting heating stats lower ,basically as it is with everyone now.It has nothing to do with a piece of paper drawn up by an energy performance assessor, and then compounded by entering the details into a computer using Software designed by a Government Department.
The fact these certificates are valid for ten years makes a mockery of them from the start
Mr Presscott Trained all these assessors up for to deal with HIPS .Now noone is buying houses they have to do something to keep busy.