01 February 2018
Minimum Energy Efficiency Standards (MEES) - 1st April 2018 Deadline Approaching
Have you considered if it impacts on your Commercial Property?
After the 1st April 2018 it will be illegal to let a commercial property (except for certain excluded buildings) if it does not achieve a minimum E rating.
This can clearly potentially impact heavily on future income stream and capital value if your property is not up to standard.
There are also financial penalties imposed if you let a property which does not meet the minimum E rating.
The attached link provides some useful information on the detail. http://www.rics.org/uk/news/news-insight/comment/how-to-avoid-the-mees-trap/
Currently the new regulations apply to new lets and lease renewals occurring after 1st April 2018. However, all buildings will need to achieve the minimum E rating by 1st April 2023.
We can put you in touch with an Energy Performance Assessor who can carry out a preliminary assessment for you (subject to agreement on cost).
They should also be able to advise you on any potential upgrades which may help with improving the rating if the property is not up to scratch.