Energy Performance Certificates (EPC's)
Since 1st October 2008 an Energy Performance
Certificate (EPC) has been required for all commercial premises on
construction, sale or lease, regardless of size.
There are a few exceptions which are listed in our Factsheet: Energy Performance Certificates but these are not common.
An EPC grades the energy performance of a building on a sliding scale
from (A) very efficient to (G) least efficient and provides suggestions
as to how energy efficiency could be improved. Certificates must be
made available by the seller or landlord to a prospective buyer or
tenant without charge and will be valid for 10 years unless a new EPC is
commissioned in the meantime.
It is thought that in the not too distant future, EPC ratings will be
a factor in the negotiation of a purchase price or rent, with more
energy efficient buildings attracting a higher price/rent, thereby
giving owners of commercial properties an incentive to make their
buildings more energy efficient now. There is also a possibility that
the ‘suggestions’ on how to improve the energy efficiency of a building
may become ‘requirements’ in the future.
For properties being let, an EPC is only required on a new letting
where there is no current EPC and is not required on renewing a lease to
an existing tenant.
KBL work with specialist energy assessors who prepare EPC's and
prices vary depending on the age and style of a property. If you are
under a duty to provide an EPC and you fail to do so, you could find
yourself subjected to a substantial fine.
If you require an EPC please contact our commercial property department for a quotation.
For more information please see our Factsheet: Energy Performance Certificates or refer to http://epc.direct.gov.uk/index.html