The MEES Regulations are now in force. This means that it is now unlawful for landlords to grant new leases, or agree lease renewals/extensions, to new or existing tenants of properties which have an EPC rating of F or G.
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The MEES Regulations Mitigate your risk: Maximise your opportunity
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Introduction The MEES Regulations are now in force.This means that it is now unlawful for landlords to grant new leases, or agree lease renewals/extensions, to new or existing tenants of properties which have an EPC rating of F or G. In addition to these properties which are now deemed ‘unlettable’, properties with existing EPCs of D and E (48% - see Fig. 1 below) are also considered ‘at risk’ due to the inherent inaccuracy of existing EPCs. Whilst the immediate concern for landlords is the prospect of vacant properties within their portfolios, there are also significant impacts to consider for occupied properties.Well-advised tenants are able to use the new legislation to their advantage on areas such as lease negotiations, rent reviews, surrender terms and dilapidations. Here we present the risks to landlords and the associated opportunities available to tenants and investors.
Mitigate your Risk
Maximise your Opportunity
Know your portfolio We can help you to understand your property portfolio, obtain existing EPCs and undertake new ones - both residential and commerical.
Save money We can offer a full review service to see where we can save you money.Whether this be through building upgrades when required or MEES exemption reports where applicable.
Specialised advice Our Chartered Surveyors and Energy Assessors can offer a bespoke service that provides sensible and straightforward advice as to what is best for each of your assets.
Portfolio enhancement
Increase lettable rates Through enhancement, you can offer a lower energy building, saving the tenant money and attracting high profile and long term clients.
In-house expertise Working alongside our assessors, our surveyors, architects, planners and building services engineers can help to undertake all recommended works.
Our experienced team can help you to understand your portfolio, focus on cost effective savings and provide a full service to enhance the overall performance of your buildings.
At risk
Unlettable
A
B
C
D
E
F
G
“ There has never been a more important time to commission professional MEES advice .” - Robert Diamond, Sustainability Associate
1%
8%
27%
31%
17% 9% Fig. 1: Non-domestic EPC ratings currently registered Source: www.gov.uk 7%
case study East of England Co-op
Working with the East of England Co-op we surveyed the full portfolio of 600 properties to ascertain the EPC ratings and the implications for MEES compliance.The surveys covered the full variety of the Co-op’s buildings, from commercial, residential and retail units through to funeral premises and tanning salons. Offering a full and varied service the MEES team were able to provide cost effective upgrade advice and MEES exemptions where feasible, saving the client money, time and enabling them to gain a thorough understanding of the EPC ratings on all their buildings. “Whether a job is straightforward or more complex, Ingleton Wood’s team have the tools, knowledge and expertise to proactively manage a wide-range of tasks in a timely, professional and refreshingly easy-going manner. We are extremely pleased with their delivery of such a high quality service and look forward to our continued collaboration.” Regina Peachey, Project Manager, East of England Co-op Ipswich Borough Council Ipswich Borough Council’s portfolio of over 1000 buildings required the Teams full attention.We focussed on the provision of a thorough investigation of their portfolio.The MEES team were able to look at the many types of buildings in the ownership of the Council. This included a detailed survey and provision of a new EPC for the Ipswich Bus Depot.We reviewed alternative heating systems which their Chartered Building Service Engineers were able to provide.This has enabled the Council to undertake an exemption as the payback would exceed the 7-year rule; saving time and money for the client.
sustainability@ingletonwood.co.uk www.ingletonwood.co.uk
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