The legal obligations to obtain a valid EPC for properties being marketed for rent/sale in the UK. The benefits of providing it to potential tenants/buyers. Highlighting the risks & penalties of not providing an EPC for landlords/owners.
Q: What is an Energy Performance Certificate (EPC)?
A: An EPC is a document that assesses and communicates the energy efficiency of a property. It is required by law for properties being marketed for rent or sale in the United Kingdom.
Q: Why do I need to provide an EPC to my estate agent before they can list my property?
A: As per the Energy Performance of Buildings (England and Wales) Regulations 2012, an EPC is mandatory for marketing properties for rent/sale in the United Kingdom. Your estate agent cannot legally market your property without a valid EPC.
Q: Why do I need to provide an EPC to potential tenants/buyers before marketing the property for sale/rent?
A: Providing an EPC to potential tenants/buyers allows them to understand the energy efficiency of the property and make informed decisions regarding their energy consumption and associated costs. The EPC also allows for the comparison of energy efficiency between different properties, assisting tenants/buyers in selecting the most suitable option for their needs.
Q: How do I obtain an EPC for my property?
A: You can obtain an EPC by hiring a qualified and accredited energy assessor to conduct an assessment of your property. PropertyLoop can assist you in this process by arranging for the assessment and report on your behalf.
Q: How long is an EPC valid for?
A: An EPC is valid for 10 years from the date of issue.
Q: What happens if I do not provide an EPC?
A: Failure to provide an EPC can result in a fine of up to £5,000. It can also delay the marketing of your property, potentially losing out on potential tenants/buyers.
Q: What if my property has a low EPC rating?
A: An EPC has to be higher than E or above to privately rent it out in the UK. There is no minimum to sell a property. A low EPC rating does not prevent you from marketing your property. However, it is important to disclose the rating to potential tenants/buyers and provide recommendations on how to improve the energy efficiency of the property and this can (depending on the buyer/tenant) can affect the price.