Sustainability

Question 1

Latest updates to MEES?

Answer 1

1st April 2023 - minimum E
1st April 2025 - minimum C
1st April 2029 - minimum B

Question 2

What are the penalties for non compliance of MEES?

Answer 2

put on a public register of non compliance

• less 3 months = 10% RV capped £50k
• more 3 months = 20% RV capped £150k

Question 3

What is a green lease?

Answer 3

• Green leases contain a series of additional provisions that impose an obligation on the landlord and tenant to manage and reduce the environmental impact of a property by way of improvements.
• example = provision to have a certain number of EV charging points by certain point

Question 4

What building are exempt from EPC?

Answer 4

• listed building
• religious buildings
• building due to be developed
• buildings with no heating
• temporary buildings

Question 5

RICS View on sustainability?

Answer 5

• Decarbonise built environments
• Build climate resilience
• Promote biodiversity

Question 6

Climate change Act 2008?

Answer 6

2019 amendment - “UK to achieve net zero carbon” by 2050

Question 7

What are the Exemptions to MEES? (Not epc)

Answer 7

• All improvements already carried out
• Independent surveyor determines that the property value would decrease by more than 5%
• consent to carry out works is refused by third party (tenant, LL or council)
• Golden Rule (High cost - costs wont be recouped within 7 years)

Question 8

BREEAM stand for?

Answer 8

Building research establishment environment assessment method

Question 9

What are the pros of BREEAM?

Answer 9

• Increases value
• reduces operating costs (bring down sc costs)
• good marketing
• 20% on rental/sale price

Question 10

9 categories of BREEAM?

Answer 10

1. Energy
2. Land use
3. Water
4. Heating and well-being
5. Pollution
6. Transport
7. Materials
8. Waste
9. Management

Question 11

Aylesford

Answer 11

• bee posts
• ecology report
• bird boxes
• solar installation

Question 12

Main sustainability legislation?

Answer 12

• EPC’s (legal requirement for most properties)
• the sustainability act 2015 - MEES
• climate change Act 2008 - net 0 carbon by 2050
• The green deal : government initiative that provides funding energy efficiency improvements in buildings

Question 13

Penalties for not having an EPC?

Answer 13

You can be fined between £500 and £5,000 based on the rateable value of the building if you do not make an EPC available to any prospective buyer or tenant.

Question 14

what does a heat pump do?

Answer 14

A heat pump provides heating by extracting heat from outside a building and moving it inside

Question 15

what is workman’s sustainability approach to property?

Answer 15

1. A tailored approach to each asset
2. Adopting technology to deliver performance

Question 16

Any RICS documents you are aware of in relation to sustainability?

Answer 16

• RICS Sustainability Report 2023
• recent changes on UK national supplements provide an emphasis on sustainability in a valuation setting and forms an integral part of the approach.

-

Question 17

What act introduced MEES?

Answer 17

The sustainability Act 2015

Question 18

When was MEES applicable?

Answer 18

April 2018

Question 19

How is your firm sustainable?

Answer 19

• Recycle
• provide more expenditure for employees to lease an electric car
• IBOS
• Cycle to work schemes
• gym and gym class discounts