Commercial Law Services

Going Green

Starting on 6 April 2008 energy performance certificate (EPCs) will be required for all newly built business premises and also on the sale or letting of business property over 10,000 sq. metres. On 1 July 2008 more business property will require them, and from 1 October 2008 all business properties sold or let will need an EPC.

What is an EPC? It is a record of the energy efficiency and the environmental impact of the building on a scale of A-G, with A being the most energy efficient and G being the least. If you are a seller selling a business property or a landlord granting a business lease to a tenant, failure to provide an EPC to your buyer or tenant, free of charge, could result in you having to pay a financial penalty which will be based on the rateable value of the building being sold or let.

More information on EPCs and how they will affect you will be available shortly.