As a landlord, you’re probably up to your eyeballs keeping up with policies and regulations.
However, certain regulations surrounding EPC (Energy Performance Certificates), can have massive implications for you as a landlord.
If you’re planning on renting out your property, an EPC is essential. There is a £200 fine for failing to show this document to tenants, and your EPC rating should be stated in your advertisements.
Furthermore, you must also obtain a rating of at least E, otherwise, another fine of up to £4000 could be handed to you. This applies to new and current lease agreements.
It’s also the right of the tenant to request improvements to increase the energy efficiency of your property. However, you’re not legally responsible for financing these changes, only tenants should fund them.
Obtaining An EPC
You need to contact a commercial energy assessor to obtain the required commercial EPC to rent out your property. Different assessors specialise in different properties. If you have many advanced modern features that domestic properties don’t normally have, you’ll need to find the right assessor for the job.
Each property must obtain a separate certificate, which is valid for 10 years. The cost of an EPC can vary between £45 to £100 before VAT, so always search around for the best quote.
What does each rating mean?
When your property is inspected, an assessor takes into account many things. Your boiler, central heating system, lighting system, and types of appliances are evaluated. Points are awarded on a scale of 1 to 100 for the overall score. To obtain the lowest legal rating required to rent out your property, a total of 39 points is required. Ratings do extend further down to G (the very lowest), and in every assessment, suggestions for improvements are also given.
Most older homes receive a rating of D on average. However, many newer homes score much higher. Other than your legal obligation, obtaining a high EPC rating is also an effective way to increase your property’s value on the market.
How To Improve Your Rating?
If you failed to score an E or looking to score higher, there are ways to improve and make your home more energy efficient.
Consider insulating wall cavities and your roof to prevent heat from escaping. Investing in a new boiler suitable for the size of your property can also improve your rating. Newer boilers are much more energy efficient than older ones. Switching to energy-efficient lightbulbs is another way to enhance your rating.