Level 1 Flashcards

1
Q

What is the definition of sustainability?

A

Meeting the needs of the present without compromising future generations needs

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2
Q

What are your clients sustainability objectives/ strategy?

A
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3
Q

What are the latest updates to sustainability

A

Air conditioning- R22 refrigerant now banned in U.K. of ozone depletion

BREEAM- Building Research Establishment Envrironmenal Assessment Method - rating based on nine weighted criteria from outstanding to unclassified

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4
Q

What is a DEC?

A

Display Energy Certificate- required in buildings of more than 250sq.m, energy efficiency rating from A to G. Valid for 1 year if building over 1,000sq m or 10 years if building 250 to 1,000 sq.m

Penalty-£500 if not displayed

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5
Q

Difference between DEC and EPC?

A

DEC measures energy usage whereas EPC measures energy efficiency of building

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6
Q

When would an EPC rating be required?

A

When property leased or sold, on expiry, or if major renovations

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7
Q

What is the penalty for not providing a prospective buyer or lessee an EPC?

A

£5,000

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8
Q

What is a green loan?

A

It is a loan used to finance project which are subject to compliance with sustainability e.g EPC ratings, solar power

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9
Q

What is a heat pump?

A

Device which takes heat from the air to heat buildings using small amount of electricity. No fuel or greenhouse gases

Two types:

Air source
Ground source

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10
Q

Kyoto Protocol

A

Adopted 192 countries in 1997. Ban installation of Gas boilers

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11
Q

Part L of Building Regulations

A

Conversation of energy and power

Changed come into force June 2024 to aim to reduce CO2 emission by 27% for non reduction buildings

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12
Q

What are MEES?

A

Minimum Energy Efficiency Stranards

Introduced to set minimum EPC rating of E to rented resi and commercial buildings

April 2023- threshold also applied to existing leases of commercial buildings

Exemptions include-

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13
Q

VPGA 8 in RBG

A
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14
Q

RICS guidance note on sustainability and valuation

A

Commercial property Valuation and strategic advice

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15
Q

Streamlined energy and carbon reporting framework

A

Introduced in 2019- requires companies of 250 employees and turnover of £36mill to report energy consumption CO2 emissions to Companies House

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16
Q

Carbon zero

A

Carbon emissions are balanced by removal from the atmosphere

Government plan target to reach carbon zero by 2050 by ten point plan - advance of offshore wind and carbon capture and storage

17
Q

What do the Building Regulations include?

A

Regulations and standards that all new buildings must adhere to.

Structure
Fire safety
Site Prep
Toxic substances
Ventilation
Hot water
Drainage and water
Conservation of fuel and power
Double glazing
Materials

18
Q

MEES 2015

A

Unlawful from April 2018 to let new leases of resi or commercial building with EPC of F or below

All existing leases unlawful from 1st April 2023

Landlords and tenants difficulties in subletting, assigning and lease renewals

19
Q

What information is listed on EPC

A

Address property
Date of EPC issues
Who inspected and administered certificate
Floor area
EPC rating (current and potential) with recommendations

20
Q

How would you improve an EPC rating?

A

More efficient lighting
Replacing windows
Improving insulation

21
Q

When are EPC’s exempt?

A

Lettings less than 6 months
Listed buildings
Lettings of 99 years and more

22
Q

When are EPC required?

A

All commercial lettings over 50sqm and for term of more than 6 months and less than 99 years

Newly refurb, heating, A/C or subject to Building Regs

Also applicable to sub lettings and assignments

23
Q

MEES exemptions reasons by landlord

A

Demonstrate:

All cost effective energy efficiency approvments under green deals undertaken

Consent to undertake improvements have been refused by third party e.g council

Improvements would damage property, character or reduce value by 5%

Doesn’t require EPC- religious building

Tenancy less 6 months and no more 99 yrs

Exemptions last for 5 years and need to be logged on Local Authority PRS exemptions register

24
Q

Penalties of non complying to Regluations

A

Trading standards officer

Penalty based on rateable value of property up to maximum of £150k per occasion

25
Q

Penalties of not complying to MEES

A

Breach of less than three months - £5-£50k or 10% rateable value

Breach of more than three months- £10-£150k or equivalent to 20% rateable value

26
Q

Impact of poor MEES rating

A

20% of non domestic properties within F&G category of MEES- affecting valuation, rent reviews and marketability

Dilapidations assessments

27
Q

October 2023- government response to Committee on Climate Change 2023 Progress Report

A

Changes to MEES standards - all properties to have EPC Rating of C and above by 2025

In recent budget - extended to 2028 starting with new prop

Penalty for not having EPC from £5k to £30k

28
Q

BREEAM

A

Came into effect 1990
550,000 BREAAM certified properties

Assessment undertaken by independent assessors using scientifically based sustainability metrics

Energy
Water use
Health and well-being
Transport
Materials
Ecology
Management processes

Pass, good, very good, excellent and outstanding

29
Q

BREAAM rating threshold

A

0-30% - fail
30-44% - pass
45-54% - good
55-68% - very good
70-84% - excellent
85+ - outstanding

30
Q

EPC for marketing

A
  • must be commissioned within 7 days of commencement of marketing
  • agents responsibility procuring
  • only EPC rating required on display
  • all online marketing material must have link to EPC
31
Q

Penalties not complying to EPC

A

Local authorities Trading Standards enforcing regs

Commercial - max. 12.5% of RV of building (min £500 and max £5k)

32
Q

Important legislation

A

Rules of conduct 2021 (3.10)

RBG 2021 (VPGA8)

PS Sustainability and ESG in Commercial Property Valuation and Strategic Advice 2021

RICS SKA rating system for commercial property

33
Q

5 key provisions of EPCs

A

1) Higher standards of energy conservation for new and refurbished buildings

2) Establish calculation method for energy performance of all buildings

3) Minimum req. for energy performance of all buildings

4) Energy certification for all buildings when built, modified, leased or sold

5) Mandatory inspection of new boilers, A/C

34
Q

Key Regulations

A

Energy Saving Opportunity Scheme

Heat Network Regulations 2014

Climate Change Levy (CLC) - tax on comm prop, energy providers £1.9bill to UK treasury, renewable sources exempt

Biodiversity Net Gain (BNG) - Feb 2023 compulsory new developments at least 10% for 30yrs

35
Q

What does BREEAM stand for?

A

Building Research Establishment Environmental Assessment Method

36
Q

What is LEED?

A

Leadership in Energy and Design

Worlds most widely used green building rating system

37
Q

7 criteria for LEED

A

Sustainable sites
Water efficiency
Energy and Atmosphere
Materials and resources
Indoor environmental quality
Innovation in design process

38
Q

LEED Ratings

A

40-49 points - Certified
50-59 points- Silver
60-79 points- Gold
80+ points - Platinum