Khalil: Time is running out for landlords to comply with new EPC rules

Khalil’s Rent Guarantee Scheme

Hardly a month goes by without new rules, changes to guidelines or the threat of legislation looming over landlords’ heads. At the last count, there were over 140 government statutes and regulations that landlords must follow to be seen to provide a safe and compliant rental property.

That’s a lot to keep track of.

And there’s only one thing that’s constant about the legislative landscape: the certainty that more of it is on the way.

EPC 2018
The latest changes are the added ‘bite’ that EPCs (Energy Performance Certificates) are set to have. From next April, you won’t be able to rent out your property unless it passes an efficiency test.

It is estimated that there are over one million dwellings in England and Wales that won’t currently pass the new rules. And, what’s more, they could face huge fines as a result.

Landlords must have an EPC rated E or above if they wish to issue a new tenancy or renew an existing one. This requirement will pretty quickly be rolled out to apply to all tenancies, including existing ones.

What can landlords do?
If your last EPC rating was below an E, you can get an up-to-date EPC carried out in the hope that something has miraculously changed. Or you’ll need to make efficiency improvements to boost your rating before your property is let out again or its contract renewed.

Each EPC report carries a list of recommended measures for improving energy efficiency performance. You’ll need to carry out enough of these to raise your score above an E rating.

There are some exemptions, but they are few and far between.

• If the improvements will cause damage to your property
• If you cannot gain necessary consent to carry them out
• If the improvements are not cost-effective (under set measures)
In these cases, you can register for an exemption on the central register, which will be available from October 2017.

Time is running out – and time is one thing most landlords are short of. Most of the U.K.’s two million or so landlords are not just landlords.

Many are accidental landlords who just happen to have property available to let. And most buy-to-let landlords usually hold down a career that accounts for the majority of their time.

Landlords are far too busy with family and work commitments to keep up with the ever-changing legal obligations.

And this is not an excuse. It’s just a fact.

Khalil’s Rent Guarantee Scheme can help
On top of the legal compliance issues there is no end of other responsibilities that demand landlords’ time or reduce their profits.

These include:
• Day to day maintenance of the property
• Finding tenants
• Checking tenants
• Dealing with tenants
• Handling rent arrears
• Covering void periods

Wouldn’t it be bliss if you could forget about all of these but still make a healthy return on your investment? How much better would it be if you could just let it and forget it?

Well, you can.

Khalil’s Rent Guarantee Scheme pays you a guaranteed rent month in and month out, regardless of whether your property has tenants or not. You lease your property to us for a few years and we pay you guaranteed rent.

It’s as simple as that.

We deal with pretty much everything for you and, at the end of the lease, we return your investment back to you in the same condition as we received it.

If you find yourself running to keep up with the changing demands of letting your property, then maybe it’s time you stepped off the treadmill.

Sit back, and let us take the strain.

We can guarantee your monthly rent. And also guarantee you a much easier life.

Want to find out more?

Phone: 01273 573960
Mobile: 07984 015669
Email: ahmed@khalilproperties.co.uk
Address: 124 Lewes Road, Brighton, BN2 3LG
www.khalilproperties.co.uk