The Energy Performance Certificate is effective from 1 October 2008 and it would be binding the landlords to produce an Energy Performance Certificate (EPC) to the tenant. The landlords of rental properties have to be ready with this certificate whenever they rent any building or part of building. The certificate has all the information about the energy efficiency of a building and is a record of the carbon emissions from the building.
If there is a tenant already existing, you do not have to provide him/her an EPC as a landlord. Since April 6, 2008, the EPC is required by the buildings that have a floor area of more than 10,000 sq meters. From the start of October 2008, other commercial buildings that are prepared to let in tenants also need the EPC. The certificates are the results of the government's Home Information Packs or HIPs.
If the property is rental, there is no need for the EPC to be renewed every time the property is available at the rental market. The landlord should be opting for the EPC renewal after every 10 years.
An EPC closely resembles any other certificate relating to household gadgets like refrigerators and washing machines. Every EPC comes with a recommendation report that bears suggestions and advice for the landlord to bring about improvements for saving power and money. That is why, energy efficiency and fuel costs are vital part of the investment that you want to make as a landlord.
What does an EPC cost?
The standard rate per EPC is approximately £75. If you own a larger property, you may have to pay more.
Cases when an EPC is not compulsory
If you belong to any of the following situations, you can give your EPC a miss:
- If the prospective tenant has a shortage of funds for renting the property
- If you are adequately prepared to lease out your property to the tenant
- If you agree to rent your building by rooms and want your tenant to share bathrooms or kitchens
The Energy Performance Certificate provides carbon emission and energy efficiency rating of the buildings. A building is rated as G for being very energy inefficient, while a building, which is highly energy efficient is rated as A. Remember that being the landlord, you hold the prime responsibility of the building and therefore, prior to renting it out to the tenants, make sure that the building is energy efficient. The EPC is essential for renting out the property. In case, you appoint an agent acting on your behalf, make sure that he abides by all the rules and regulations.
The EPC certificates of the buildings are comparable with EPC certificates of other buildings to determine the condition of your building. The certificate specifies in details about the estimates of the fuel costs and carbon emission of current, hot water and heating, lighting and potential energy use. The certificates are based on standard methods coupled with standard emissions about energy usage. However, the energy consumption is dependent on the behaviour of the occupants of that building.
The EPC certificates as issued by Domestic Energy Assessors convey information regarding the details about the property incorporated in the reference information. It mentions the type of property whether it is house or flat, the sole reference number that has been stored in the central register and the date of the certificate. In the certificate, there is information pertaining to the energy assessor like the name of the assessor, the accreditation number, the company name and the most important of all, the contact details. However, being the landlord always make sure that you possess the Energy Performance Certificate and produce it while you rent the property, otherwise you may be charged a hefty fine.
Thursday 22 October 2009
Monday 21 September 2009
Energy Performance Certificates made easy
The Energy Performance Certificate also referred as EPC shows the energy efficiency rating of a building or a property. The Energy Performance Certificate graphically highlights the energy efficiency rating pattern on a scale measuring A to G. Rating A indicates the most efficient energy performance. In contrast, G stands for the worst energy performance. Besides depicting the energy performance, EPC s also analyses the environmental impact of a building, affected by CO2 emissions.
The European Union Directive 2002/91/EC marked the way for EPC s. The report came into picture prompted by Kyoto Protocol, aimed to reduce energy consumption and counter carbon dioxide emission, which plays crucial role in worsening ecological balance. The Part 5 of the UK Housing Act 2004 has issued a directive, which makes it compulsory for all houses and buildings in UK to have EPC s by 2009.
The directive aims to reduce the huge energy consumption. The domestic consumption alone accounts for 40% of total UK's energy consumption. EPC s provide useful information to enhance the energy-efficiency of a property.
EPCs provide all necessary information regarding Energy Savings Trust, which comes to the benefit of house property owners in several ways. The Energy Savings Trust provides the owners with special grants or discounts so that they can accomplish essential improvement works.
Once the energy consumption is reduced, the amount of carbon dioxide being emitted is automatically curbed. This is a fantastic way by which EPCs not only help to restore money and energy but also makes a successful contribution in building an all improved healthy environment.
Nothing is more important and essential than an Energy Performance Certificate included in a Home Information Pack (HIP). As incorporated in HIP as a form of Governmental attempt to provide a complete support to a greener housing market, the EPC s have immensely shouldered the selling and buying procedures trying to make the process more speedy and lucid where nothing remains behind the curtain.
You tend to make wrong decisions mostly when you are ignorant. EPCs will not give you a scope for that because they are always prepared with lots of information, which you can consider while making a decision. In reality, when the rating is better the energy efficiency of the property becomes higher resulting in low fuel bills. When energy consumption is reduced, expenses are bound to be less and this significantly benefits the climate too. Under such circumstances, more buyers are gaining interest in buying properties having decent energy performance ratings.
The EPCs renders valuable message to bring down carbon emission and thus save valuable energy. Largely, EPCs have helped both the buyer and the seller. The seller feels more sanguine to quote a price and on the other hand, buyer can easily make out energy-efficient home. The higher rating homes will surely help buyer in the long run.
The European Directive for the Energy Performance of Buildings has asked all the member countries of the European Union to bring in EPCs. The EPC s have been aimed as a concrete step to lower the energy consumption and the same time to protect the environment, before it gets too late. After the issuance of such directive, the UK government showed swiftness in implementing it. Consequently, the sellers in UK must include EPCs in Home Information Packs.
The sellers willing to sell their property can get EPC s by taking the services of Home Inspectors directly. The other option is to approach Home Inspectors through their agents.
The Home Inspectors conducts a complete inquiry by gathering relevant information, before issuing a certificate. In addition, an accredited Energy Assessor may also issue the Energy Performance Certificate only after executing important checks.
The European Union Directive 2002/91/EC marked the way for EPC s. The report came into picture prompted by Kyoto Protocol, aimed to reduce energy consumption and counter carbon dioxide emission, which plays crucial role in worsening ecological balance. The Part 5 of the UK Housing Act 2004 has issued a directive, which makes it compulsory for all houses and buildings in UK to have EPC s by 2009.
The directive aims to reduce the huge energy consumption. The domestic consumption alone accounts for 40% of total UK's energy consumption. EPC s provide useful information to enhance the energy-efficiency of a property.
EPCs provide all necessary information regarding Energy Savings Trust, which comes to the benefit of house property owners in several ways. The Energy Savings Trust provides the owners with special grants or discounts so that they can accomplish essential improvement works.
Once the energy consumption is reduced, the amount of carbon dioxide being emitted is automatically curbed. This is a fantastic way by which EPCs not only help to restore money and energy but also makes a successful contribution in building an all improved healthy environment.
Nothing is more important and essential than an Energy Performance Certificate included in a Home Information Pack (HIP). As incorporated in HIP as a form of Governmental attempt to provide a complete support to a greener housing market, the EPC s have immensely shouldered the selling and buying procedures trying to make the process more speedy and lucid where nothing remains behind the curtain.
You tend to make wrong decisions mostly when you are ignorant. EPCs will not give you a scope for that because they are always prepared with lots of information, which you can consider while making a decision. In reality, when the rating is better the energy efficiency of the property becomes higher resulting in low fuel bills. When energy consumption is reduced, expenses are bound to be less and this significantly benefits the climate too. Under such circumstances, more buyers are gaining interest in buying properties having decent energy performance ratings.
The EPCs renders valuable message to bring down carbon emission and thus save valuable energy. Largely, EPCs have helped both the buyer and the seller. The seller feels more sanguine to quote a price and on the other hand, buyer can easily make out energy-efficient home. The higher rating homes will surely help buyer in the long run.
The European Directive for the Energy Performance of Buildings has asked all the member countries of the European Union to bring in EPCs. The EPC s have been aimed as a concrete step to lower the energy consumption and the same time to protect the environment, before it gets too late. After the issuance of such directive, the UK government showed swiftness in implementing it. Consequently, the sellers in UK must include EPCs in Home Information Packs.
The sellers willing to sell their property can get EPC s by taking the services of Home Inspectors directly. The other option is to approach Home Inspectors through their agents.
The Home Inspectors conducts a complete inquiry by gathering relevant information, before issuing a certificate. In addition, an accredited Energy Assessor may also issue the Energy Performance Certificate only after executing important checks.
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