MEES & Commercial Leases - What You Need to Know
The Energy Efficiency Regulations 2015 (known as MEES) aim to improve the energy efficiency of the existing building stock.
MEES require a minimum EPC rating of ‘E’ before commercial leases can legally be granted (including renewals) and from April 2023, before they can continue unless an exemption applies.
There are wide reaching implications in the commercial sector that need to be considered throughout the investment commercial real estate lifecycle. As poor EPC ratings are not limited to old or obsolete buildings, MEES requires a change in approach for a number of landlords, tenants and property advisors.
This webinar will explain what you need to know and is aimed at legal and property investment professionals.
What You Will Learn
This webinar will cover the following:
- An overview of both EPC and MEES regulations including scope and trigger points
- The temporary exemptions available
- The practicalities for compliance in commercial buildings and the uncertainties that will likely cause you headache in near the future
- The financial penalties available to the enforcement bodies
- How to do a quick EPC due diligence
- How to identify risk and determine the most cost-effective way to improve ‘F’ or ‘G’-rated buildings via a recent case study