Despite the current circumstances the UK (and the world) finds itself in, property rules continue to apply.
Since 1 April 2018, Landlords wishing to grant a new lease of their residential properties in England and Wales are required to bring their property to at least an energy performance rating (‘EPC’) of E, unless an exemption applies. The deadline for all Landlords of residential property complying with this standard is 1 April 2020
, when all Landlords who are renting their property must ensure they are following these regulations. A Landlord who fails to abide by the MEES Regulations, may face significant penalties which are calculated by reference to the rateable value of the property.
These changes in the regulations will extend to all
existing commercial leases from April 2023, with the minimum required standard for EPCs being an E rating. The regulations stipulate that any Landlord continuing to let a property for 3 months in breach of this standard, will face a fine of 10% of the property’s rateable value, up to a sum of £50,000.
One of the few positive consequences of the current UK lockdown is that carbon emissions have reduced. The global world pandemic may also mean that citizens all over the world will increasingly work together to seek to minimise emissions where possible.
For further information contact Sophia Papworth on 07741 311460 or click here
to email her.