Mary-Anne Bowring 24/02/2023
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Introduction to MEES Regulations for Commercial Properties
Introduction to MEES Regulations for Commercial Properties
How energy efficient is your rental home? On 1st April 2020, new rules on energy efficiency were rolled out. Since 2018, minimum energy efficiency standards (MEES) have been in force for new tenancies in England and Wales. The regulations outlaw new tenancy agreements on properties with an energy performance certificate (EPC) rating below E - unless the property is exempt.
MEES Regulations: Key Changes from April 2020
MEES Regulations: Key Changes from April 2020
From April 2020, the MEES regulations will apply to all rental properties, and it will become illegal to rent out any home with an existing or continuing tenancy that fails to meet the minimum required energy rating.
How to Improve Energy Efficiency of Your Property
How to Improve Energy Efficiency of Your Property
Here are five ways that you can improve the energy efficiency of your property:
- Replace old, inefficient boilers
- Insulate around doors and windows and inside loft spaces
- Install double-glazing
- Replace all light bulbs with LEDs
- Install radiator thermostats and smart meters
Exemptions Under MEES Regulations
Exemptions Under MEES Regulations
Some properties are exempted if the renting-homes-wales-act-how-will-it-impact-landlords'>landlord can prove that undertaking the relevant energy efficiency improvements would reduce the market value of the property by more than 5%, or that the cost of buying and installing the cheapest recommended improvement is more than £3,500.
Implications for Tenants and Landlords
Implications for Tenants and renting-homes-wales-act-how-will-it-impact-landlords'>Landlords
Luckily for renters, their tenancy will still be valid even if the property they are renting is now classed as sub-standard under the new rules. However, renting-homes-wales-act-how-will-it-impact-landlords'>landlords are obliged to bring the property up to standard.
Consequences of Non-Compliance and Future Expectations
Consequences of Non-Compliance and Future Expectations
The MEES regulations are not such good news for renting-homes-wales-act-how-will-it-impact-landlords'>landlords. They could face enforcement action by their local authority and fines of up to £150,000 if their rental property is found not to comply. Property pundits predict that the minimum EPC rating will be raised to C by 2030.
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Mary-Anne Bowring FTPI FRICS FARLA FCABE Founder/Head of Asset Management
Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership
Ian Barber MD BTR Mobilisation & Leasing
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Jon Curtis MRICS Head of Building Engineering
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Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews
Nichola Pughe MRICS Head of Residential Valuation
Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist
