As expected, 2020 is likely to be a busy year for our industry, with a number of new laws being introduced.
One that is imminent is part three of The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015, coming in to force for private rental properties in England and Wales. The regulations may impact you and require some investment in your rental properties.
The regulations introduced measures to improve the energy efficiency of private rented property under the Energy Act 2011. Part three of this comes into force in April.
Part three of the regulations outline that private sector landlords must not grant a new tenancy of a property (including an extension or renewal) that they let after April 1, 2018. And, they must not continue to let the property (on an existing tenancy) after April 1, 2020. In both instances, this applies to properties where the Energy Performance Certificate (EPC) is below the minimum level of energy efficiency for private rented properties of band E.
The Energy Efficiency (Private Rented Property) (England and Wales) (Amendment) Regulations 2019 made changes to part three of the 2015 regulations. This means that from April 1, 2019, landlords of domestic properties with an EPC rating below E were required to carry out up to £3,500 (inc VAT) worth of works improving their energy efficiency. This applies even if they cannot obtain third-party funding or assistance to meet the costs.
For guidance on what you need to do to comply with part three, get in touch with Nicol at email@example.com