Minimum Energy Efficiency Standards (MEES)
The Minimum Energy Efficiency Standards (MEES), officially the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015, establish the new statutory compliance requirements for energy efficiency in privately rented properties in parts of the UK.
Who Needs to Comply?
The MEES rules require rented properties to achieve a minimum Energy Performance Certificate (EPC) rating of E, on a scale of A – G. The regulations apply to all residential and commercial rented properties in England and Wales with a valid Energy Performance Certificate (EPC), and with leases lasting between six months and 99 years (listed buildings are excluded). The UK government estimates that up to 20% of commercial properties have an EPC rating of F or G, placing them at risk of non-compliance.
How Can Longevity Partners Help You?
We can establish the optimal route to compliance, tailoring it to the specific characteristics and requirements of your organisation. This may include for example:
- Producing commercial and residential EPCs
- Assessing the risks posed by the new regulation to your portfolio of properties, including verifying existing EPCs to ensure correct ratings
- Analysing the cost-effectiveness and feasibility of the different options available for improving energy efficiency
- Developing a plan of improvements
- Engage with your tenants and identify break clauses to include MEES improvements in the re-gear negotiations
- Managing the implementation of the plan
- Ensuring you achieve further operational savings via the implementation of your MEES strategy
What happens if my organisation does not comply?
Being in breach of the MEES regulations may result in:
- Fines of between £2,000 and £150,000 being imposed
- Risk of major commercial impacts due to loss of marketability and rent (property cannot be re-let until compliance has been achieved)
- Potentially deteriorated valuations for properties whose marketability is deteriorated
- Reputational damages: Names of non-complying landlords will be published on the PRS Exemptions Register