In this article, we examine the implications of revisions to the Minimum Energy Efficiency Standards ( also known as MEES) and Energy Performance Certificates (also known as EPC) regulations for commercial property.
Are you a renter, investor, developer, or landlord, respectively? If so, you must keep an eye out for forthcoming modifications to the regulations governing Energy Performance Certificates and Minimum Energy Efficiency Standards. As there could be substantial penalties as a result of failing to take the essential actions to meet the deadlines.
Right now, only tenants who are listed on the PRS Exemptions Register are eligible to receive leases for premises with an EPC rating of F or G. However, starting on 1 April 2023, it will be against the law to rent out a home without at least an E rating. Depending on the rateable value of the home and the length of the tenancy, the fine for breaking this rule could range from £5,000 to £150,000. The specifics of the infraction can also be made public.
It’s important to keep in mind that the regulations are anticipated to tighten up shortly, with a suggestion that commercial properties have a minimum EPC rating of C or better by 1 April 2027 and B or higher by 2030.
Contact our Commercial Property Team on 01254 929300 or here, right away if you’d want additional information regarding the regulations governing MEES and EPCs.