Queens Road, Clarendon Park
£1,250 pcm
Thurcaston Road, Leicester
£600 pcm
Let Agreed
Goodwood Road, Leicester
£825 pcm
Let Agreed
Galleywood Drive, Leicester
£775 pcm
Let Agreed
Brook Road, Leicester
£825 pcm
Let Agreed
Averil Road, Leicester
£750 pcm
Let Agreed
Cradock Road, Leicester
£795 pcm
Let Agreed
Danbury Drive, Leicester
£770 pcm
Let Agreed
Denis Close, Leicester
£625 pcm
Let Agreed
Landlords in Leicestershire, Are You Prepared for the Year Ahead?
Over the last few years, the property rental sector has seen a lot of changes. For landlords in Leicestershire, dealing with changes to requirements hasn’t been easy, and now, 2023 looks set to hold many more significant changes.
To ensure you’re prepared for the year to come, our expert lettings team at Hannons Estate Agents & Lettings has put together the most up-to-date news so that you are well-informed.
Increased Minimum EPC Ratings for Commercial Rental Properties
As of 1st April 2023, there will be a change in the required minimum EPC rating for every commercial rental property. From that date, the minimum rating for energy performance must be at least an E, and preferably higher. Although 2018 saw the increase in rating requirements for private rental properties under the Minimum Energy Efficiency Standards, only renewals and brand-new commercial leases are currently required to have an E rating, however, this will be extended to every commercial let from 1st April.
It’s also a good idea to start planning ahead since there are Government plans afoot to introduce even more changes in December 2025, requiring that new tenancies have a minimum energy rating of C from that date, and from 2028, this requirement is set to be rolled out to all tenancies. Therefore, if you’re a landlord in Leicestershire, it’s certainly time to start thinking about making some energy efficient improvements to your rental property in the near future.
Thinking of buying?
Increased Licensing Schemes
In some areas of the country, there are already licensing schemes in place. These require landlords to make an application for a licence that will permit them to put their property on the rental market. In recent years, we have seen more schemes being introduced, and in 2022, more than fifty new schemes were launched. 2023 looks set to see many more selective licensing schemes appearing, targeting areas where over a fifth of all properties are rentals, or areas that experience high crime and deprivation levels.
The Renters Reform Bill
In June 2022, a white paper from the government announced the “Renters Reform Bill” which outlined the commitment from the government to deliver a more secure, higher-quality, and fairer private rental sector. Predicted to be the most significant shake-up in the rental sector for three decades, the Bill outlined some enormous changes including:
Abolishing Section 2
Introducing a Decent Homes Standard to improve property safety
Putting in place a mandatory new Ombudsman for renters and landlords.
As yet, no official date has been given for bringing these changes into force. However, it’s expected that 2023 will see more announcements on the subject.
Whether you’re a private or commercial landlord in Leicestershire, it’s never been more important to stay up to date with the changes in the sector. Fortunately, you can count on our expert team to keep you abreast of the latest news.