How green is your flat?

‘From 1st October another EU directive hits the UK,’ says Fiona Guthrie of Plaza Estates. ‘All property being marketed for rental must have a valid Energy Performance Certificate (EPC) which must be shown to the potential tenant prior to the first viewing.

‘The idea is that tenants will choose a property to rent if it is more energy efficient. With escalating utility costs currently in the headlines this may be attractive. However, the reality in central London is different. Most energy-saving factors are probably beyond a typical Landlord’s control. For a flat owner, especially in larger buildings, loft insulation is generally the freeholders responsibility. Many buildings are in conservation areas and have restrictions on types of windows which cannot be changed to something more modern because they are drafty. Many blocks of flats have communal heating – the individual flat owners cannot control it at all. Sadly, many of these radiators are not adjustable resulting in frustrated occupiers leaving windows open to try to cool the temperature. EPCs do not include block heating systems at all which are definitely not energy efficient..

As agents we are diligently advising our clients and arranging for EPCs to be carried out so that our clients comply with the new law.
We do need to conserve energy and be more energy efficient but this type of blanket legislation covering all property is surely not the answer.

Facts:

• All residential property being marketed for rental must have a valid EPC by 1st October  2008 and it must be shown to all potential tenants prior to the 1st viewing.
• Cost approximately £80 to £120 + VAT carried out by an accredited Domestic Energy Assessor.
• Each EPC is valid for 10 years.
• Tax allowances are possible on some improvements.
• EPCs are not required for tenancy renewals.
• Recommendations highlighted by the Assessor do not have to be carried out.