Energy Performance Certificates (EPC’s)
Fact file
What are EPC’s?
An EPC is intended to inform potential buyers or tenants of commercial properties about the energy performance and carbon emissions of a building, so they can consider energy efficiency and fuel costs as part of their investment or business decision to buy or occupy a building. The certificate looks like the bar chart typically found on domestic appliances such as fridges and freezers. They are already compulsory on the sale of domestic properties. EPCs for the sale or letting of commercial buildings will be valid for 10 years.
When Energy Performance Certificates are required?
- EPC's are already required for commercial buildings with a total useful floor area greater than 10,000m2 (subject to certain exclusions) that are available for sale or let.
- From 1 July 2008 commercial buildings with a total useful floor area greater than 2,500m2 (subject to certain exclusions) will require an Energy Performance Certificate on construction, sale or let.
- From 1 October 2008, all remaining buildings will require an Energy Performance Certificate on construction, sale or let. EPC's may also be required on lease renewal.
Do you need an EPC?
Yes. From the dates above, if you construct, sell or let a commercial building you will be required to make available to a prospective buyer or tenant an Energy Performance Certificate (EPC), free of charge. In the case of selling and letting this should be made available at the time of marketing. Failure to do so, could result in a fine from the OFT.
Recommendation
The most appropriate time to provide an EPC is at the initial marketing stage by including the certificate with the sales or letting particulars. In order that the marketing of the property is not delayed you will require a fast and efficient service. Contact Andrew Leech in the first instance for further advice.
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