Commercial Property

Are you prepared? The Government's Minimum Energy Efficiency Standards Update set to impact lenders, commercial landlords and tenants from 1 April 2018

Are you prepared? The Government's Minimum Energy Efficiency Standards Update set to impact lenders, commercial landlords and tenants from 1 April 2018

The Department for Business has recently issued guidance on the Energy & Industrial Strategy (Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 (“the Regulations”). The Regulations are known as the Minimum Energy Efficiency Standards (MEES) and relate to the minimum level of energy efficiency a building is required to have as recorded in its Energy Performance Certificate (EPC) to enable a landlord to let commercial property.  The Regulations will have a major impact on landlords, tenants and lenders.

Under the Regulations: 

Optima Legal welcomes senior appointment to its property team

Optima Legal welcomes senior appointment to its property team

We are pleased to announce the appointment of Charles Jackson, who joins the firm’s property team as Principal Solicitor - Property Services.

Previously a Partner in the Real Estate team at top 20 law firm DWF, Charles has over 15 years specialist experience of legal work in the property sector.  He trained at top City firm Berwin Leighton Paisner and also worked for several years at international law firm DLA Piper.  

Flood Risk Insurance - are you covered?

Flood Risk Insurance - are you covered?

We are encountering an increasing number of commercial properties where flood risk insurance is proving very difficult to obtain.  These properties are excluded from the Government’s Flood Reinsurance Scheme ‘Flood Re’, which is supposed to solve the problems in obtaining flood insurance.  For those with an interest in these properties, such as owners, lenders and purchasers, the risk is that these properties may soon become uninsurable, leaving them exposed to irrecoverable costs and lower market values should flooding occur.

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