Energy Performance Certificates….it’s time for change!
27 April 2017 By George Dobson BSc (Hons) MRICS
It is now less than 12 months until the changes to the Law in regards to Energy Performance Certificates (EPC), which does and will, effect both commercial and residential landlord’s.
As of the 1 April 2018, landlords of buildings must be aware of the Minimum Energy Efficiency Standards (MEES), which will impact their ability to either renew existing tenancies or grant new tenancies. At present, there is no restriction on marketing a property with an EPC Rating of F or G - the lowest 2 grades of energy efficiency - however the new legislation has increased this grade to an E.
This change will no doubt impact property owners in Brighton & Hove plus surrounding areas, and it means that owners and indeed occupiers must assess the costs of improving their premise to meet these new standards. Should changes not be made, then property owners could experience a considerable change in value to their assets.
Refusing to comply with the changes will result in financial penalties and it should be considered that the minimum grade could rise again in the future.
If you are looking to let or sell a commercial property, and would like further advice on disposing, please contact George Dobson ([email protected]) or 01273 701070.