As of this date, all rental properties, barring any with an exemption, will be required to have an EPC rating of at least an E. Any rental property with an EPC rating of an F or G will no longer be deemed suitable as rental accommodation.
Make sure your rental property is in suitable condition
If your property has been let in the past decade, or you have bought the rental property in the past 10 years, there is a very strong chance that the property will hold an EPC. Therefore, that is unlikely to be the key issue landlords should consider, the important factor is whether the rental property meets the relevant criteria.
The Guild’s Compliance Manager, Paul Offley, said; “The Domestic Minimum Energy Efficiency Standard (MEES) is not something new and has been around and with us for a number of years, however, this year is the final cut-off date before the prohibition on letting F and G properties will be extended to all relevant properties, regardless of whether there has been a change in the tenancy. After the deadline, if the local authority believes that a landlord has failed to fulfil their obligations under the MEES Regulations, they will issue a compliance notice, and if a breach is confirmed, the landlord will face a possible financial penalty.”
Landlords need help to comply with regulations
It is perfectly understandable that many landlords feel under pressure, but it is vital to comply with regulations. If the rental property doesn’t currently comply with the regulations, landlords need to apply for an exemption. This is something letting agents will be able to assist with. Failing that, landlords may need to carry out improvements at short notice.
There are reasons why landlords should review their rental property in an attempt to increase its EPC rating. Tenants are looking for energy-efficient property, as this lowers monthly rental fees. As a landlord, you can improve the value of the property by enhancing its energy-efficiency status, and this will provide you with benefits in the short and long-term.
We are pleased to say we have assisted many South West London landlords comply with regulations. MEES is an issue for some rental properties, but with our help, it can become a less stressful or pressing matter. If you have any questions about the regulations coming into force, or anything else, please get in touch.
If you are looking to let property, we can provide you with a property valuation. We are pleased to say we have helped many South West London landlords reach tenants, and we can help you. Contact Holmes Estate Agents today to let property successfully in South West London.