Landlords of both residential and commercial investment property should be aware that with effect from April 2018 if their investment property has an Energy Performance Certificate (EPC) rating of F or G, it will be unlawful to let the property.
We encourage all property investment owners to review their existing certification and action the recommendations now. Trying to find an insulation contractor or an electrician (two common areas that can improve a property’s rating) in March 2018 might be an impossible task and this could prejudice letting a vacant building or renewing a commercial lease.
If you are unsure Goadsby will be pleased to assist you.
Active property management is not just about collecting rent from a tenant on behalf of the landlord but also being proactive in many other ways. Just one example of this is the role of property manager undertaking regular inspection of the property
Anyone familiar with a commercial property lease will know rents and other payments are likely to be set out as payable on quarter days throughout the year I.e. 29 September, 25 December, 25 March and 24 June.
The 1st April 2017 rating list assessments are based upon assumed “open market” rental valuations at 1st April 2015.