Endsleigh

Endsleigh

December 14, 2010 11:11 ET

Landlords Required to Become More Energy Efficient

LONDON, UNITED KINGDOM--(Marketwire - Dec. 14, 2010) - In line with the UK's climate change act, landlords are now required to make their properties as energy efficient as possible. The act aims to reduce UK's carbon dioxide emissions by 26% by 2020.

Under the new legislation being put in place, landlords who refuse to do their part for the environment could face fines over the next few months. However, this doesn't only affect landlords, as third parties found to be renting out energy inefficient homes will also be liable for financial punishment.

The National Landlords Association says that small changes can make a large impact on the energy efficiency of a home and recently supplied a few energy saving tips to landlords. Some of these tips include sealing windows and doors to prevent draughts, replacing all light bulbs with energy saving ones (this is required already) and obtaining an energy grant to carry out more stringent energy saving procedures.

Landlords are also required to provide Energy Performance Certificates, a legal requirement that has been in place since 2008. The certificate is only required for a property which is self-contained and does not pertain to tenants renting a room or sharing facilities.

According to the guardian.co.uk, the Government insists that there will be no 'upfront or net-negative' costs to landlords, and hopes that they will see no reason to reject the requirement. The acceptance of this legislation should also see properties that have been upgraded increase in value. However, a spokesman from a local insurance provider says, "Anything that uses less energy and improves running costs for tenants is to be welcomed, but the danger is that unnecessary costs of installations can be passed onto tenants and end up costing them more."

Hopefully this won't be the case, as it may cause potential animosity between tenants and landlords. It is important to ensure good relations with your tenants and acquire Endsleigh landlords insurance.

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