On the 26th March 2015, the Energy Efficiency Regulations, better known as the Minimum Energy Standards (MEES), passed into law imposing new regulations on Landlords and property owners which affect the letting of commercial properties.
- All non-domestic property types which require an EPC are in the scope of the regulations.
- The minimum energy efficiency standard will be set at an 'E' EPC rating.
- It is estimated that up to 20% of non-domestic properties in England and Wales have an F or G EPC rating.(For residential properties this is 25%.)
- From 1st August, the regulations will apply upon the granting of a new lease (as well as lease renewals) and sublets. (For domestic properties it came into effect in April 2016.)
- From April 2023, the regulations will apply to all privately rented property in scope of the regulations, including where a lease is already in place and property is occupied by a tenant. For domestic this is April 2020.
- Financial penalties for non-compliance could be as much as £150,000.