We have just published some useful guidance for Landlords on the MEES Regulations. These important regulations mean that it will be unlawful from 1 April 2018 to grant a new lease or extend or renew an existing lease where the property has an EPC rating of less than E.
Landlords will need to act now to allow themselves sufficient time to identify where building upgrades are needed and to ensure works are completed before the regulations take effect. Landlords should also be aware that the new rules are also affecting some property loans as lenders are aware of these potential costs!
The 2015 Energy Efficiency Regulations set out minimum energy efficiency standards (MEES) for England and Wales which come into force in April. These regulations make it unlawful from 1 April 2018 for Landlords to grant a new lease or extend or renew an existing private rented property where the property has an EPC rating F or G. Commercial properties will therefore need an EPC rating of E before they can be let.