Level 1 Flashcards
What is the definition of sustainability?
Meeting the needs of the present, without compromising the needs of future generations
What are the three pillars of sustainability?
- Social (“people”)
- Economic (“profits”)
- Environmental (“planet”)
What are the key legislative drivers of the sustainability movement?
Kyoto Protocol
Climate Change Act 2008
Energy Act 2011
Building Regs Part L - Conservation of Fuel and Power
How does the issue of sustainability impact surveyors?
Importance of understanding how the built environment impacts the natural environment. In order to change and protect the environment, we must understand what impacts it. Must understand the energy use in client’s buildings & the associated regulations to combat climate change.
How is the RICS addressing issues of sustainability?
RICS are fostering the implementation of the UN Sustainable Development Goals (SDGs) and their Agenda 2030 through
- development and adoption of standards
- research
- capacity building projects,
- community action
What does EPC stand for?
Energy Performance Certificate
What are EPCs?
They measure the energy efficiency of most domestic and non-domestic buildings, categorising this into a grade
When are EPCs required?
Required for commercial buildings over 50sqm
- newly built, sold or let for a term of between 6 months to 99 years
- newly refurbished where heating/aircon/ventilation services are altered, and/or the building is subject to building regs for construction
- subletting/assignment of lease
(sale/lease of resi buildings & refurb schemes included)
Which buildings are exempted from requiring an EPC?
- (some) listed buildings
- places of worship
- temporary buildings
- v. low energy efficient buildings/buildings with no heating (e.g. ind. warehouses)
- buildings due to be demolished/redeveloped
- resi buildings not occupied for more than 4m per year
How long do EPCs last?
10 years (unless significant changes have been made to the property, then a new EPC is required)
What are the EPC requirements for marketing?
- EPC must be instructed prior to marketing (within 7 days of beginning marketing) (28 day limit for procurement)
- agents responsible for procuring EPCs
- Since Jan-13 the energy rating should be displayed within the property and on marketing particulars (where space allows, the graph should be included)
- -> Marketing particulars must have a link to the EPC to show the front page
What does the front page of an EPC show?
- Address of property & floor area
- EPC reference number
- Performance rating (A-G)
- Benchmarking info
- Technical info on property’s energy provision
- Estimation of running costs
How can you provide recommendations for improvements to a property’s energy efficiency?
On the national online register, each EPC comes with an EPC Recommendation Report which gives short, medium and long term recommendations for improvements
What are the penalties for not commissioning an EPC?
Local Authorities’ Trading Standards teams enforce the regulations
[commercial]
max. 12.5% of RV
+ a fine (min. £500, max. £5,000)
[residential]
£200 fixed penalty for non-display of EPC info on marketing particulars
Who polices any breaches of non compliance with EPCs?
Local Authorities’ Trading Standards department
What does MEES stand for?
Minimum Energy Efficiency Standards
What are MEES?
Under the Energy Efficiency (Private Rented Sector) (England & Wales) Regulations 2015, a minimum EPC rating of E is required from 1st April 2018 in order to let a building.
What are the key changes under MEES 2018?
1st April 2018 - for new lettings, renewals or lease extensions (comm + resi)
1st April 2020 - continuation of existing tenancies (resi)
1st April 2023 - continuation of existing tenancies (comm)
Which sectors does MEES affect?
Property management & valuation for commercial and residential properties
Why was MEES brought about?
Buildings are one of the largest emitters of carbon
How are valuers impacted by MEES 2018?
Valuers should assess the level of risk posed by MEES and consider how rent, yield, value and growth are affected
What must be done if a property has an EPC rating of F or G?
Landlord must undertake all qualifying improvements to bring the EPC rating up to a minimum of E, before they can let their property