It is the responsibility of the seller to ensure that the EPC has been commissioned before marketing of the property commences. It is the duty of both the seller and a person acting on their behalf to make reasonable efforts to secure an EPC within 28 days and all of the duties carry fixed penalties where somebody fails to carry out the duty presented to them by the new regulations.
People now want to reduce their carbon footprint and decrease their energy bills. It was shown by a report carried out by Energy Saving Trust that prospective tenants take the energy performance of the property into consideration when renting a property and are more likely to choose a more energy efficient home. This has lead to landlords taking action to make their properties more energy efficient.
Due to the rising costs of energy bills, taking action to lower fuel and energy costs is essential. The study carried out by the Energy Saving Trust has shown that 55% of landlords taking part have replaced the boilers in their properties. As well as this two thirds have invested in installing double-glazing and one third have laid insulation to stop the escape of heat.
There are also incentives in place from the government in order to encourage landlords to make these improvements to properties. The Landlord’s Energy Saving Allowance is available and now covers loft insulation, cavity wall insulation, solid wall insulation, draught proofing, hot water system insulation and floor insulation. The Landlords Energy Saving allowance is a tax allowance of up to £1,500 per property that private landlords can claim when they install energy efficiency measures in their rented properties.
However due to the high demand for rental properties compared to an insufficient supply, there is the threat of many landlords are choosing not to upgrade the energy efficiency of their properties.