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Tuesday, February 26, 2013

Green deal - landlords need to get cosy

The Green Deal targets are something that landlords can't continue to ignore. A rental properties that  scores poorly in energy efficiency ratings will not be able to be let out from 2018, and any tenants will be able to start 'demanding' improvements in insulation that are deemed "reasonable,"  from 2016.

With one in ten rental properties not meeting the current target this could impact of hundreds of thousands of properties. With the legislation stopping landlords from letting a  property that only achieves either of the two lowest energy efficiency ratings, F and G, after April 2018. This, according to a recent English Housing Survey, equates to 11.4pc of the rental stock.

The targets will only become more stringent as time goes on, so investors might need to start to budget for any improvements.

Read more in the Telegraph

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