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News Article

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

Green – Is it the Real Deal for Landlords?

4th Feb 2013

The Government is spending £2.5 million on a marketing campaign to instruct Landlords that it is very much in their interest to start planning now for the EPC regulations. Landlords are being urged to consider what work may have to be undertaken to make sure that their properties fall within the EPC ratings.
BPF and Energy Saving Trust have highlighted, in their research, that average costs of improving of an F-rated property to an E rating – the predicted minimum standard for private property rentals from 2018 – is between just £100 and up to £660.
Frighteningly enough, to improve a property to the highest possible EPC rating could cause the cost to rocket up to £20,000.
Home ownership has plummeted for the first time in countless years and with this landlords have now doubled their annual number of rented properties to 3.6 million homes. The Government is determined to meet their climate change obligations and placing a huge emphasis upon the private rented sector to improve their energy efficiency as key to help reach their targets.
The British Property Federation and the Energy Saving Trust have this week published a free guide explaining how landlords can plan and fund improvements to help ensure their investment will be lettable from 2018.
British Property Federation senior policy officer Thomas Younespour said: “The importance of a property’s EPC rating is likely to increase in the coming years.
“Not only have the rules been tightened over the provision and display of EPCs to prospective tenants and buyers, but regulations are planned for April 2018 to ban the letting of property with the poorest ratings – likely to mean F and G-rated property.
“The details of such regulation are yet to be set out, but nonetheless indicate clear intent. It is often during void periods that improvement works can best be undertaken and therefore landlords are advised to consider sooner rather than later the energy efficiency of their properties and prepare a forward plan for works.”
 


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"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

 

 

 


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Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/ Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/ MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/ Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/ serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/ Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/ Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references, inventory, check in, check out, cleaning, pet insurance or ANY other fee that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/