The Green Deal is a good deal for Landlords…
There are clear advantages to private property landlords signing up to the Green Deal scheme.
Being able to offer a property with a good energy rating will be a more attractive to tenants, especially as more and more people are scrutinising a property’s energy-saving credentials.
Furthermore, from 2016, landlords should not be able to refuse reasonable requests for consent to install Green Deal measures from their tenants. And from 2018, landlords will need to ensure that their privately rented properties meet a minimum energy efficiency standard.
How does it work?
The Green Deal helps you or your tenants improve the energy efficiency of the property. The person responsible for paying the electricity will pay for some or all of the improvements over time through their electricity bill. Repayments will be no more than what a typical household should save in energy costs. This will be at no expense to yourself unless the property is vacant.
Five things Landlords need to know
The current electricity bill payer will always make the Green Deal repayments. However, if the property is left vacant, the landlord is responsible for making the repayments until a new tenant moves in and starts paying the electricity bill.
Permission from Landlord
The tenant must ask for your permission before taking out a Green Deal on your property.
Permission from Tenant
You also need your tenant’s permission before you take out a green deal. Where the tenant is the electricity bill payer, they will need to make the green deal repayments, so you will need their express permission before taking out a Green Deal.
All improvements made under the Green Deal are quality assured and completed by the Big Green Energy Company’s Green Deal approved installers.
Any new tenant must be shown a copy of the Energy Performance Certificate (EPC) and be made aware of the repayments they may need to make under the Green Deal.
If you have any further questions please don’t hesitate to contact us