Profit pendulum swings in favour of lettings
The pendulum of profit power is swinging in favour of lettings, despite what you think about the Tenant Fee Ban. Up and down the country, sales departments are stagnating. Sales goes in cycles – peaks …
In our last newsletter we highlighted the looming EPC deadline (1st April 2018), from when every new let and tenancy renewal in the PRS must have a valid EPC certificate with a minimum rating of E.
While meeting the new standard is a worry for many landlords, there is another EPC aspect that’s not getting the same amount of publicity but is equally as important. Landlords are being urged to check when their EPC was issued, as certificates have a shelf life of 10 years. The first EPCs were issued in August 2007 – just over a decade ago – so many are expiring now or are already out-of-date. It is against the law to advertise a property to rent without an EPC, so having a valid certificate is crucial for both the letting agent and the landlord.
Don’t forget, in 2020 all let properties (in-tenancy rentals as well as new lets and re-lets) must have an EPC rating of E or above, detailed on a valid certificate. Now is the time to warn landlords about improving energy efficiency and urge them to book an assessment for a new EPC.