EPC's are required for England & Wales from today

Grovelawn Financial News 01/10/2008

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Properties will be energy effeciency rated from Ato G

EPC’s have been launched in England and Wales with a mixed reception from tenants and landlords. The Energy Performance Certificates must be presented to tenants of any rented property with a rating of A to G to show how efficient the property is in terms of insulation and the performance of any boilers and appliances.

If landlords refuse to implement the policy they will be fined £200. Communities Minister, Iain Wright said that the certificates were a “real opportunity” and should be welcomed by tenants who he said “are looking for better value and more energy efficient rental properties, as well as landlords who are, more than ever, keen to attract responsible and committed tenants.” The ruling from the EU says that all member states must have the certificates in place by 4th January 2009; they are valid for 10 years.

A survey of tenants by YouGov found that four out of five tenants said they were “really worried” about the cost of soaring energy which has added an average of an extra 20% to their annual bills. The cost of electricity and gas was found to be the second most important factor when choosing a rental property after location.

The criteria for an EPC is as follows:-

Written information about the building is provided in response to a request for information from prospective tenants.

When a viewing is conducted.

If neither of these occurs, before the landlord enters into a contract to let their property

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