| Industry News |
|
| News » Commercial Property Law » New EPC regulation could see landlords hit with fines |
|
06/01/2009 New EPC regulation could see landlords hit with fines |
|
From January 4th, landlords in Scotland will have to provide tenants with an Energy Performance Certificate (EPC) or risk a financial penalty.
All landlords north of the border who fail to provide tenants with an EPC could be fined £5,000 for each rental property they own that does not have such a certificate, according to the National Landlords Association (NLA).
The certificate may be reused and is valid for ten years. It includes information on the energy efficiency of the property and its environmental impact and must be made available to all prospective tenants as soon as possible.
It should also be showcased in a visible location inside the property when a tenant moves in.
Late last year, the NLA accused the Scottish government of failing to meet its duty to ensure that all landlords are aware of the new EPC regulations.
This week, Jim Parker, chairman of NLA Scotland, said the new legislation will allow prospective tenants to be able to see the heating costs of the houses and flats they view in advance of "signing on the dotted line".
 |
| |
| Related Articles |
08/01/2010
Office demand 'to focus on London' The commercial property market will recover strongly in London in 2010, in contrast with the rest of the country, it has been predicted.
|
22/12/2009
Commercial property 'to recover slowly from recession' Commercial property will only recover gradually in the near term as it is likely to be feeling the effects of the recession even after the economy starts growing again, it has been predicted.
|
18/12/2009
Commercial property market 'to pick up in 2010' The use of commercial property lawyers in 2010 may pick up in the south-east as it has been forecast that the region will see matters improve as the year wears on.
|
16/12/2009
Business confidence increases The use of business lawyers may be set to increase as a poll of firms has shown that levels of confidence are rising.
|
14/12/2009
New tax rule to "irritate" large commercial landlords A tax break for cheaper empty properties is "welcome", but those who might use the services of a property lawyer for commercial transactions will go on being "irritated" by the commercial property rate tax they will still have to pay on large ones, it has been argued.
|