It’s all about MEES – are you energy efficient enough to avoid a £4,000 fine?
From 1 April 2018 new energy efficient rules come into force – and landlords whose properties aren’t up to standard could face a hefty £4,000 fine.
Under the new Minimum Energy Efficiency Standards (MEES) rules, rented properties in England and Wales with an energy performance certificate (EPC) of lower than F or G won’t be able to sign new tenancy agreements – with new tenants or their existing ones.
It’s thought that this may affect around 300,000 properties – some 6% of landlords.
Richard Truman, Head of Operations at Simple Landlords Insurance, said: “If landlords break the rules, they could face a fine from the local authority. But even more serious - and potentially expensive - is the risk of void periods if the property can’t be let out.
“It’s vital landlords check they have an up to date certificate now, and if they come under an F or G rating that they take action to improve energy efficiency. That could include updating lights, boilers and appliances, or investing in insulation.
“Listed buildings may be eligible for an exemption – but you need to read the rules carefully and apply now.
“At Simple, it’s our job to help landlords mitigate risk - and not keeping on top of the latest rules and regulations could put your investment at risk. That’s why we’ve put together a Simple guide to MEES to help you get to grips with next steps.”
Carl Agar, resident blogger on Simple’s Landlord Hub, landlord, letting agent, developer and NLA representative, added: “Landlords should be aware that failure to provide evidence of a valid EPC will invalidate the execution of any section 21 notice. This is especially important for landlords operating HMOs using ASTs – as the new rules now apply to these properties. Reading the small print really could save you a lot of hassle down the line.”
Read the Simple Guide to MEES here.
Read Carl’s MEES blog here.