New laws are coming into effect over the next few years that will affect the commercial private rental sector.
From April 2018 changes to legislation will make it unlawful to agree a new lease (as well as lease renewals) for a commercial property with an Energy Performance Certificate (EPC) rating below an E. This will expand to include all privately rented property from 1st April 2023.
The new laws may require landlords/property owners to make improvements to their buildings energy efficiency to get them up to standard; which could take some time to implement, it is key to look at this now so you know where you stand and are prepared.
- MEES (the Minimum Energy Efficiency Standards) is now law.
- It is estimated that up to 20% of commercial properties in England and Wales have an F or G EPC rating
- From April 2018- The regulations will be enforced upon the granting of a new lease as well as lease renewals.
- From April 2023- The regulations will apply to all privately rented property in scope of the regulations, including where a lease is already in place and a property is occupied.
- The government has declared their wish to raise those standards further such that that the minimum standard is likely to rise to a D by 2025 and a C Rating in 2030.
- Financial penalties for non-compliance could be as much as £150,000.
How we can help:
It is important that a full understanding of energy efficiency is required for your property, in order to see if you are meeting MEES.
We can assess how energy efficient your property is and produce an EPC to ensure you have an understanding of your properties energy efficiency rating; this will help you to see where you stand and recommend opportunities for improvement.
Get in touch:
Our team are here to answer any of your queries, or if you would like a FREE quotation, please give us a call on 0333 5777 577 or fill in our contact form and we will get back to you.