Keep up to date with the latest McCartneys news

Yet More Rules!

Mon 15 June 2015

Agents and Landlords are going to see a seismic shift in the Commercial Letting field come April 2018 - which is not that far away in the grand scheme of things.

From the 1st April 2018 it will be unlawful to grant or renew existing leases of commercial buildings which have an Energy Performance Certificate (EPC) rating of F or G unless:-

1.    sufficient energy efficiency improvements have been made, or

2.    the cost of improvements will be more than the predicted energy cost saving over a seven year period, or

3.    landlords can show that the Minimum Energy Efficiency Standard does not apply, or

4.    they fall within an exemption.

These onerous obligations don’t stop there though as although certain properties are excluded from the regulations i.e.:

If the property does not require an EPC (listed buildings or ones with no heating)

Lettings for more than 99 years

Lettings for up to six months

Come April 2023 the requirement will include all leased buildings.

Joy of Joys.

So those Landlords with their small listed building in the market town will have to dig deep to “upgrade” their pension pot (a considerable amount of money in many circumstances) before they can let the property which in turn means the property remains empty or at the very least the cost will be passed on to the tenants making their businesses less viable!  

Wyn Jones, Ludlow Office - 01584 872153

Back to listings