Having a property portfolio brings with it numerous management issues and landlords are about to face a new one as changes to the current law on energy ratings mean landlords need to get ready for the Minimum Energy Efficiency Standards (MEES) regulation coming into force next year.
As a landlord, you must ensure your property meets the new legislation from April 2018 or you won’t be able to issue new tenancies or renew existing tenancies. From April 2020, you must comply with the new law on all existing tenancies.
What Does The MEES Legislation Mean For Your Property?
MEES is being introduced by the government on 1 April 2018 in a bid to reduce the carbon footprint of buildings. Landlords of commercial properties will have to ensure by this date that all their properties have an EPC rating of E or higher in order to grant new tenancies and renew existing tenancies.
Although certain building types are exempt, the majority of commercial property need to meet the new EPC standard by 1 April next year and those with a rating of F or G will no longer lawfully be available to let.
As a landlord, if you don’t comply you will face penalties, with fines up to £150,000 for non-domestic properties.
How To Prepare For The New Property Law
It’s always best to be prepared and the new MEES regulations are no exception to this rule – by getting your properties ready now, you shouldn’t encounter any issues when the law changes in April 2018.
An energy assessment of your business buildings will establish the current EPC rating for your property and highlight if you need to make any improvements. The report following the assessment will highlight any weak areas that need to be changed and suggest ways to boost the energy efficiency of the building.
In our experience, properties usually need help with:
- Outdated heating systems
- Inefficient window glazing
- Draught issues
- Poor wall and roof insulation
By making the necessary alterations and improvements to your buildings now, you’ll ensure your commercial properties achieve the required EPC rating of E or above, and that you’ll be able to continue to lawfully let the building after 1 April 2018.
The good news for all landlords is that the new legislation will result in your buildings being more energy efficient, offering savings on heating bills and making the property more attractive to potential tenants.
To find out more about how our maintenance services can help you improve the EPC ratings of your property portfolio, to stay cost-efficient and compliant with the new law, get in touch today on 01270 848700 or email email@example.com
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