The new minimum energy efficiency standard brings threats and opportunities for landlords, freehold investors, developers and lenders. We explain the new law and what you can do to prepare.
Read our full briefing: [ Ссылка ]
*What is the minimum energy efficiency standard (MEES)?*
MEES is a new law that will introduce a new minimum energy efficiency standard for commercial buildings.
At the moment commercial buildings have an energy efficiency rating that goes from A to G. F and G are the worst performing.
What the new law will do is introduce a minimum standard of E and that means that buildings cannot be rented out unless they meet that standard.
*What can you do to prepare?*
There are three things that you can start doing right now.
1. Audit your property portfolio and see if you have any buildings at risk. Government has estimated that 18% of buildings could be affected.
2. Have a look at your leases. Provisions like rent reviews may not have been drafted with MEES in mind and that's something you need to be aware of.
3. Plan your energy efficiency works. Make sure you get the best value by installing the energy efficiency works that are going to add value to your property and make sure you do them at the right time.
Burges Salmon has produced a note on the minimum energy efficiency standard which is available on our website and covers all of this in much more detail. Read our full briefing: [ Ссылка ]
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