Energy Efficiency (Private Rented Property) Regulations 2015
The asset value of your property portfolio may not be sustainable...
New Minimum Energy Efficiency Standards (MEES) for privately-let commercial properties in England were passed through parliament in March 2015 as part of the Energy Act 2011.
The Energy Efficiency (Private Rented Property) Regulations 2015 dictate that from 01 April 2018, commercial property landlords must upgrade their properties to an EPC rating of at least grade 'E' before they can renew existing leases or grant a lease to new tenants, unless certain exemptions apply.
This will then be extended to cover all leases by 2023 including leases that already exist with tenants in occupation.
Landlords that rent out non-compliant property for three months or more could be fined £10,000 or 20% of the rateable value of the property, whichever is greater.
The maximum penalty for non-compliance is £150,000.
How can we help?
Carbon2018 has seen 10-15 year old buildings that were previously rated as a "C" or "D" receive a rating of "E" or "F" using the latest software (buildings with air cooled air conditioning systems can fall 3 ratings). Given this trend, any property with a "D" rating or below is potentially at risk, or in some cases "C".
We will help you identify the level of risk this legislation poses to your commercial buildings by carrying out an EPC model analysis and providing an EPC rating improvement plan.
We will work with you to maximise the value of your property portfolio.
To find out more about the Energy Efficiency (Private Rented Property) Regulations 2015 or to get started now, please contact us by:
T: 01252 560 379