Sustainability Flashcards
Are you familiar with any RICS guidance relating to sustainability?
- RICS Rules of Conduct 2021 (e.g. 3.10)
- RICS Red Book Global 2021 (e.g. VPGA 8)
- RICS Professional Standard: Sustainability and ESG Guidance in Commercial Property Valuation and Strategic Advice 2021
- RICS Professional Standard: Environmental risks and global real estate 2018
Are you familiar with the climate change act amendment of 2019?
UK target of “net zero carbon” by 2050.
When is the UK target of Net Zero to be achieved by?
2050
What is the Better Buildings Partnership (BBP) Pledge?
A pledge for property owners/funds to achieve net zero carbon emissions in their buildings by 2050
What actions can be taken to achieve Net Zero in the built environment?
- Establish Net Zero Carbon Scope – e.g. carbon emissions in construction, refurb and demolition
- Reduce Construction Impacts – e.g. materials and building design
- Reduce Operational Energy Use – e.g. retrofit efficiency measures
- Increase Renewable Energy Supply on site and off site
- Offset Any Remaining Carbon
How soon after commencing marketing must an EPC be commissioned?
7 days
Who is responsible for commissioning an EPC upon marketing a property?
The Agents
Where must the EPC be displayed?
Sales and lettings marketing materials and in public buildings over 250m2
How long is an EPC valid for?
10 Years
What is included on the front page of an EPC?
- Address and floor area
- EPC reference number
- Technical information on the property’s energy provision
- Estimation of energy running costs
- Energy performance rating from A+ to G
- Benchmarking information
Who enforces EPC compliance regulations?
- Local Authorities Trading Standards Teams
What is the penalty for non compliance of EPC regulations for commercial property?
Max penalty equal to 12.5% of the RV of the property (minimum of £500, max £5,000)
What are the FIVE key provisions of the Energy Performance Certificate regime
- Higher standards of energy conservation, new and refurbed buildings
- Establishing a calculation methodology for the energy performance of all buildings
- Minimum requirements for energy performance
- Energy certification for all buildings when built, modified, leased or sold
- Mandatory inspection of boilers and air conditioning systems
When is an EPC required?
all commercial property with total useful floorspace of 50m2 or more
* When built, sold or let for a term of more than 6 months
* When newly refurbished and heating, air con or ventilation services altered
* EPC required for sub-letting or assignment
Which buildings can be exempt from obtaining an EPC?
Religious, temporary or buildings due to be demolished
What is the ruling of Minimum Energy Efficiency Standards 2015 (MEES)
Minimum EPC E for commercial properties
When did the Minimum Energy Efficiency Standards 2015 (MEES) come into effect?
- New leases from 1st April 2018, including renewals/extensions
- All existing leases from 1st April 2023 for commercial
Can you name any exemptions from MEES?
- If exempt from an EPC
- Industrial units with low energy demand (no heating/cooling)
- Tenancy less than 6 months outside the act
- Tenancy longer than 99 years
- When not feasible to improve EPC rating to E or when all improvements with a payback within 7 years have been made. 3 quotes for works must be obtained
- When it can be proved improvements would devalue the property by more than 5%
- When consent from a tenant, landlord or planning authority is refused
