Commercial EPC – do I need a new one?
3 years ago | 8 comments
What happens if the EPC requirement on HMOs changes to C during the rental contract?
12:02 AM, 14th June 2023, 3 years ago
14
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Hello, I’m about to exchange on a six-bed (all with kitchenette and en suite shower) in a large period house. It is being sold to me with an EPC level of D.
Currently, this is fine and it comes with a three-year guarantee income from the local council (the tenant). However, what happens if the EPC requirement on HMOs changes to a minimal say of EPC level C during the rental contract with the council?
Also, two rooms are in the loft and there is no room to put extra insulation in if required. Am I sitting on a time bomb? The purchase price is good and the returns for a London borough are excellent- so it makes me think it’s all too good to be true!!
Thanks,
Jonathan
Tags:
Energy Performance Certificate, EPC, EPC changes to HMOs, EPC Requirement Changes, HMO, houses of multiple occupation, UK HMO Regulations
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Member Since March 2023 - Comments: 22
11:37 PM, 14th June 2023, About 3 years ago
Reply to the comment left by Rebecca RAHMAN at 14/06/2023 – 22:14
The Govt has said, the regulations will apply to new tenancies initially, and 2 years later, will be extended to all existing tenancies.
Member Since February 2023 - Comments: 66
11:43 AM, 15th June 2023, About 3 years ago
Reply to the comment left by GLee at 14/06/2023 – 23:37
so if you have an esiting tenant 6 months before the 2 years is up, write and explain them the works planned detailing that you have to now carry these out so you can continue to legally let to them. Explain the upheaval required and inconvenience and cost. Explain that the cost will mean the rent will have to be increased above what you would normally increase the rent by (give them a figure). If they do not give permission for the works (likely as they dont want a massive rent increase) then you apply for an exemption and that gives you another 5 years or until they move out.
Member Since January 2015 - Comments: 1454 - Articles: 1
9:54 AM, 18th June 2023, About 3 years ago
Reply to the comment left by Rebecca RAHMAN at 14/06/2023 – 22:14
It is for all tenancies, both new and existing.
Owner occupiers will need to get their out homes up to a C by 2030/35
Member Since January 2015 - Comments: 1454 - Articles: 1
9:56 AM, 18th June 2023, About 3 years ago
Reply to the comment left by GLee at 14/06/2023 – 23:37
That was the case. Now it is likely not and 3028 is for all PRS properties