DID YOU KNOW? - Under the radar legislation changes
As an avid news watcher, I am normally pretty tuned in to anything related to the economy or property sector but there were two little snippets of news which seem to have gone under most people’s radars.
EPC regulations - Believe it or not, it’s now been 10 years since the legislation was introduced, requiring an Energy Performance Certificate for every home that is marketed for sale or for let. But agents must now check three things. Firstly, and secondly that an EPC exists and that it’s valid. But from April 2018, a landlord or agent cannot let a property with which holds an “F” or “G” rating. Before these properties can be let, they will have to undergo improvements to their energy efficiency prior to them being let. All at the expense of the landlord. Interestingly, this will also apply to all tenancy renewals and those that automatically roll into a statutory periodic tenancy.
What was interesting was that 26% of all properties let in 2015 had EPC’s with a E, F or G rating!
Tenant fee Ban - The draft paper came out on time in November and the consultation phase has started. But suddenly the proposed date for implementation will now be put back to the Spring of 2019 as opposed to what we all believed would be Autumn 2018. This is good news for landlords (at last!) but less so for those tenants wishing to move in 2018.
We will cover each of these subjects in more detail in the coming weeks so watch this space……..
Category: DID YOU KNOW? - Under the radar legislation changes
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016