How will the new criteria for letting properties affect you?
From 1 April 2018 the criteria for letting properties is going to change. Are your Estate Agents and Letting Agents aware how important this will be when renewing and/or extending tenancies or granting new lets when the new regulations come into force? Breaches of the regulations will result in penalties of up to £5,000 on residential properties and much higher for commercial properties. With thousands of properties with an Energy Performance Certificate (EPC) rating of F or G being let in England and Wales, landlords need to get their properties to a better EPC rating by making the necessary energy performance improvements before it is too late.
To speak to Marc Brewer about Professional Indemnity insurance package policies for Estate Agents, Letting Agents and Property Managers CLICK HERE
To read the full article from Tokio Marine HCC Specialist Underwriter Marc Brewer, click the link below…
Tokio Marine HCC is a leading specialty insurance group conducting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Headquartered in Houston, Texas, the company is comprised of highly entrepreneurial teams equipped to underwrite special situations, companies and individuals, acting independently to deliver effective solutions. Our products and capabilities set the standard for the industry, as many of our nearly 2,600 employees are industry-leading experts. Tokio Marine HCC is part of Tokio Marine, a premier global company with a market cap of approximately $31 billion (Market Cap as of 12/31/2016).
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