An Electrical Installation Condition Report (EICR) certifies that a property's electrical systems comply with safety standards and should be conducted by qualified electricians. While there is no legal requirement for homeowners to obtain an EICR, it is recommended every ten years for safety assurance, and it is mandatory for landlords to have one conducted every five years or with new tenants. EICRs provide crucial safety evaluations which are important during property transactions and for compliance with rental regulations.