Existing regs prepare French resi landlords for new ESG rules

The regulatory environment in France will have prepared residential landlords for the additional constraints that will be imposed in the pursuit of environmental sustainability, said law firm Taylor Wessing partner Amandine Joulié.

“If your flat is considered not decent, then you will not be able to increase the rent,” Joulié said, adding that rents are in any case capped.

But in coming years, if an apartment is not compliant with requirements for high performance in terms of energy conservation the landlord will also be prevented from leasing it.

She said that on one hand this is bad news for landlords because they have to invest in their real estate. “But I think it’s very good news in the coming years because we actually need to limit our consumption of energy,” she said.

Please click on the video above to watch the full interview or listen to the podcast below.