26 May 2020 197 Views
Letting agents up and down the country have undoubtedly felt the financial strain added by the outbreak of COVID19. Whilst this will continue, agents should grab a hold of opportunities to add value to their existing services and increase revenue – cue the ‘Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020’.
Here are the facts…
1st July = New tenancies must have a satisfactory EICR to be let.
1st April 2021 = All existing tenancies must have a satisfactory EICR.
Certificates will be valid for a maximum of 5 years.
Failed EICRs have 28 days (or less if stated by the electrician) to resolve any issues and obtain a satisfactory report.
There is no upper spending limit for landlords when it comes to remedial works.
How to win
The incoming electrical safety
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