New EPC standards
Calling all Landlords and Tenants - Do not get caught out by the new EPC standards.
From the 1st April 2018 it will be unlawful to grant a new lease of energy inefficient commercial or domestic properties in England and Wales. The new
regulations, which have no impact on sales, set out minimum energy efficiency standards (MEES) and in essence make it unlawful to grant a new lease of a property that has an energy performance rating of below E.
Fundamentally this seems like a landlord problem – the legal
obligation to comply, and the penalties of non-compliance fall at their door. However, the new rules will have ranging implications on both the grant of a new lease and, in certain cases, under continuing leases. For new leases the effect is obvious; for continuing leases the regulations will apply, for example, where a tenant benefits from a right to underlet. The burden will then fall on the tenant to ensure the property complies with MEES which could in turn have serious financial implications on the value of the underletting.
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