One in ten rental properties in England and Wales fail to meet the new Minimum Energy Performance Standards.
According to figures published by the government, more than 400,000 properties across England and Wales could be unlettable when the new Minimum Energy Performance Standards (MEPS) also known as Minimum Energy Efficiency Standards (MEES) come into place April 2018.
From April 2018, privately rented properties must meet the new MEPS standards of an Energy Performance Certificate (EPC) rating of E or above. If your property has an EPC rating of F or G, you will not be able to let your property once the new legislation comes into force. Landlords will be exempt until 2023 if they are currently letting the property, unless there is a change in the lease.
The penalty for renting out a property for a period of fewer than three months, which does not comply with MEPS legislation will be equivalent to 10% of the property’s value with a minimum penalty of £5,000 and a maximum £50,000. After three months, the penalty rises to 20% of the property’s value, with a minimum penalty of £10,000 and a maximum of £150,000.
Compliance365 have experience in conducting both domestic and commercial EPCs in a diverse range of sectors. Our Energy Consultants can offer advice and guidance on how to improve the energy rating of your building. To find out more about how we can help you comply with the legislations click here, or send us an email to sales@compliance365.co.uk.