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The property industry has struggled to get to grips with its place online and while many agents have now mastered their own website, another internet area is presenting itself for further exploration. Love it or …
You may have read one of ARPM’s previous stories about the likelihood of mandatory electrical checks in rental properties this year and since our last newsletter, the Government has firmed up this intention and released a couple of dates that letting agents should note.
Housing Secretary James Brokenshire has confirmed that all privately-let rental properties will require compulsory electric checks every five years. There will be a phased approach to the introduction, lasting two years. In year one, only new private tenancies will be subject to the standards – starting from 1st July 2020 – which gives landlords and letting agents a few months to prepare for the change.
Existing in-situ tenancies will fall under the new regime as of 1st April 2021 – meaning from that point all rented properties in the PRS will be on a cycle of compulsory 5-year electrical tests. Breeches of this new regulation could incur fines of up to £30,000.
Letting agents and property managers should also brace themselves for further legislative changes, as the Housing Secretary also announced a thorough review of guidelines covering fire safety, beginning this autumn.Back to knowledge hub