Skip to main content

More Regulation for Landlords


New electrical safety regulations were presented before Parliament last month.

The move by the Government will strengthen electrical safety practices and bring them into line with those already well established within gas safety regulations in private residential tenancies.

The regulations, if implemented, will only affect private residential tenancies – first, new tenancies from July 1 this year, and those tenancies already in existence from April 1, 2021.
The proposal will move to ensure all electrical wiring and fixed electrical installations are signed off and reported by a qualified electrician.

This report will be required to be shown at the outset of every new tenancy and renewed at least every five years, if not earlier, dependent on any electrics or fixed electrical installations that are altered or changed by the landlord. If the report highlights any issues, the landlord will be required to remedy the issue within 28 days or sooner dependent on the recommendation within the report.

If the landlord does not comply with the recommendations made in the report, and this is notified to the local authority, the council has the power to issue a potential fine of up to £30,000. The council will also be granted the power to carry out the recommended works and seek to impose the costs of such actions on to the landlord along with the potential fine of up to £30,000. The most likely route would be that the local authority will look to serve a further notice of 28 days for the landlord to carry out the specified works, before looking to impose further actions and potential fines.

Landlords and their agents will need to ensure their properties are compliant with the regulation for any new tenancy, and it is possible we may see more properties coming on to the market for sale if landlords are unable or unwilling to comply with the regulations.

The regulations seek to ensure that the policing is self-compliant, with landlords and letting agents unable to market a property without the appropriate electrical report.

Is this fair? Yes, as safety is key. While the policy is aimed at those worst offending landlords who may undertake illegal electrical works, all landlords must now pick up the mantle and ensure their properties are safe.

Extracted from Property Industry Eye 19 February 2020


We will shortly be writing to all our landlord clients suggesting they get ahead of the regulations and organise testing and possibly repair now before the regulations create a log-jam with electricians unable to deal with the volume of work to comply in time.

Comments

Popular posts from this blog

House builders discuss 95% mortgages with lenders

So the house builders and the lenders have had a meeting to discuss how they can create 95% mortgages. Basically a good thing, as you would imagine most estate agents would say. But what proportion of the housing Market is represented by new homes sales to first time buyers? Also any first time buyer who purchases a new home is then a cost to the second hand Market of who knows how many sales! If I think back 30 years my wife and I as first time buyers were providing a deposit of 10%. To do this we sold her car, saved up by not going out as much and generally committed ourselves to the task of buying our first home together. Ah, you might say, but house prices were so much cheaper then. True but my salary was just under £2,000 per annum with the prospect of perhaps another £1,000 in commission from selling at lease 6 houses per month personally. The first 4 didn't count towards commission but were to cover my costs to my employer! I personally don't think 95% mortgages are ...

CHRISTMAS 2019 - RENTAL HOMES

CHRISTMAS 2019   The festive season is not far off and we just wanted to take this opportunity to confirm our opening hours over the Christmas holiday period and also to outline a few procedures: We will close for the holiday period at   Midday on 23rd December . Opening on   27th and 28th December between 9am and 1pm . We will open normally from   2nd January 2020 at 09.00 . Day to day issues which could wait until normal office hours resume on the   2nd January 2020 , should be reported then.   Our contractors may be on call but many of their suppliers close down over the Christmas period so parts can be hard to locate. We will not attend any “lockouts” over the Christmas break but can pass on the details of a good local locksmith if this occurs – the cost of which will, of course, be yours. A small request   – if you have   any   problems with your heating and hot water now or maybe an appliance that is a bit temperame...

Call to Arms - From the Guild of Professional Estate Agents

I received this in an e-mail newsletter from the Guild and felt I simply had to re-publish it here... A Call To Arms.... We know that the UK estate agency market is the most competitive in Western Europe, with the fees levied being only a fraction of those applicable in most developed countries (even when compared to the supposed paragon of the free market, the USA). We also exemplify the specialist skills involved in successfully selling a property, and help mitigate the significant risks involved to the buyer and vendor from acting without professional advice and guidance. Finally, if the rate of consumer dissatisfaction has fallen by half to 12% since the last report, then the service is clearly rapidly improving of its own accord (given the current absence of licensing and mandatory qualifications). The market statistics also speak volumes. Too many estate agents chasing too few transactions has meant that only a small minority are making healthy profits. With over 2,000 offices ...