Sustainability Flashcards
EPC marketing requirements
- commission before marketing, obtain within 7 days of listing
- the listing only requires the actual rating, the other info isn’t mandatory
- online marketing to have link to EPC front page
- only valid for 10 years
Penalty for not having EPC when marketing
Resi = £200 fixed fine
Enforced by local authorities trading standards team
(Commercial - 12.5% of rateable value)
EPC non compliance penalty - leading below an E
Up to local authority, but max:
Longer than 3 month breach = £4000
Shorter than 3 month breach = £2000
False info for exemption = £1000
Max fine for a single property is £5000
BNG min gain requirement
+10%
What is RICS SKA Rating Scheme
Gold, silver or bronze award for fit out sustainability
What year was the Climate Change Levy introduced and what does it do
2019
Tax on non renewably sourced energy use
What is the Energy Saving Opportunity Scheme
Companies with more than 250 employees must report energy consumption and identify reduction opportunities
Original Sustainable Development source and definition
Brundtland Report 1987 - “meeting the needs of the present without compromising the ability of future generations to meet their own needs”
Where is sustainability covered in Red Book and what does it say
VPGA8 Valuation of Real Property Interests
Important to be led by market rather than lead the market
Understand the occupier/investors preference to sustainability
Use market evidence
Cost cap for EPC improvements and how long is this exemption valid of
£3,500
Valid for 5 years
Property value decrease for EPC exemption and how long lasts for
5%
5 years
GPLC sustainability initiatives
Net Zero Carbon Operation by 2030
Min EPCs C by 2030
Replace gas boilers with electric
D&I of workforce to reflect tenant base
