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PM - Summary of Experience - APC > Sustainability - Summary of Experience > Flashcards

Sustainability - Summary of Experience Flashcards

1
Q

Is there any RICS guidance on Sustainability?

A
  • Sustainability and ESG in Commercial Property Valuation and Strategic Advice, 2021
  • RICS Environmental Risks and Global Real Estate
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2
Q

Explain your understanding of the RICS guidance note on Sustainability and Commercial Property valuation

A

Good practice advice supporting everyday commercial valuation practice and its interface with ESG and sustainability

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3
Q

What is ESG?

A

Environmental Social Governance

-> Standards for behaviour

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4
Q

What is CSR?

A

Corporate Social Responsibility
-> Self-regulating business model that helps a company be held socially accountable to itself, its stakeholders and the public
- Adopts other goals such charity

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5
Q

What are the key dates for MEES?

A
  • 1st APril 2018 - Landlord cannot let or renew a lease with EPC below E
  • 1st April 2023 - Landlord cannot continue letting a building with EPC below E
  • 1st April 2027 - Minimum EPC C required
  • 1st APril 2030 - Minimum EPC B required
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6
Q

Where are the minimum energy efficiency standards set out?

A

The energy efficiency regulations 2015

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7
Q

WHat are the penalties for MEES non-compliance?

A
  • Incorrect / misleading info -> £5,000
  • Renting non-compliance property less than 3 monthths - 10% of RV (min £5k and max £10k)
  • Renting non-compliance property more than 3 months - 20% of RV (min £10k and max £150k)
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8
Q

What is an EPC?

A

Energy Performance Certificate

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9
Q

What are the penalties for not having an EPC?

A

Dwelling - £200
Non-dwelling - 12% RV (min £500, max £5,000)

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10
Q

What is your firms sustainability policy?

A
  • Turn computers off at night
  • Motion activated lights
  • Printing set to black and white and double sided
  • Recycling
  • Cycle to work scheme
  • Electric cars encouraged
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11
Q

What is the governments policy on energy efficiency of non-domestic buildings

A

Set out in Energy Efficiency Regulations 2015 -> MEES

Net zero Carbon by 2050

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12
Q

What is the Energy Act?

A

Energy Act 2011

  • Change in the provision of energy efficiency measures to homes and businesses and makes improvements to enable and secure low carbon energy supplies and fiar competition in the energy markets
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13
Q

How does MEES impact your role?

A

Required to understand Landlord responsibility with regards to energy performance

Alterations -> reasonable to reject if negatively affecting MEES

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14
Q

What falls outside of MEES?

A

EPC’s required for all buildings over 50sq m apart from:

  • Tenancies over 99 years
  • Tenancies under 6 months
  • Listed buildings
  • Buildings with no heating
  • Religious buildings
  • Temporary buildings
  • Buildings due to be demolished / redeveloped
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14
Q

What falls outside of MEES?

A

EPC’s required for all buildings over 50sq m apart from:

  • Tenancies over 99 years
  • Tenancies under 6 months
  • Listed buildings
  • Buildings with no heating
  • Religious buildings
  • Temporary buildings
  • Buildings due to be demolished / redeveloped
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15
Q

When can you apply for MEES exemption?

A
  • high cost -> no payback within 7 years
  • All cost effective improvements have been carried out
  • Third party consent is refused
  • Devaluation in property more than 5%

Exemptions last for 5 years and need to be lodged on a centralised register

16
Q

Have you had to procure and EPC?

A

Unit FA - The Paddocks

EPC of F -> requried improvements. Landlord cost to install new lgihts and instruct new EPC

Rating of E achieved

17
Q

What buildings require an EPC?

A

All buildings over 50 sq m that uses energy to condition the indoor climate

18
Q

When is an EPC required?

A

Always - namely when let, sold or newly refurbished

-> over 50 sq m

19
Q

How long does an EPC last?

A

10 years

20
Q

When do you need to display an EPC?

A
  • Total floor area over 250 sq m
  • Frequently visited by the public
21
Q

What is included in an EPC?

A
  • Address
  • Certificate number
  • Rating
  • Rating table
  • Area
  • Recommendations
  • Estimation of energy running costs
22
Q

How does an EPC impact upon value?

A
  • Higher EPC usually equals higher rent achievable, especially with BREEAM -> this increases value
  • Low EPC will mean the property requires work and is not energy efficient. Potentially cannoy let under MEES -> lower rent and value
23
Q

What is your firms environmental policy?

A
  • net zero carbon by 2030 in own directly managed operations
  • Minimise energy, water and waste consumed wherever possible
  • Promote usage of re-useable materials
  • Identify and comply with legal requirements
  • Move away from petrl and diesal cars and seek to reduce journeys made
23
Q

What is your firms environmental policy?

A
  • net zero carbon by 2030 in own directly managed operations
  • Minimise energy, water and waste consumed wherever possible
  • Promote usage of re-useable materials
  • Identify and comply with legal requirements
  • Move away from petrl and diesal cars and seek to reduce journeys made

PM - Summary of Experience - APC (16 decks)

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