Commercial Energy Certification is now required...
...before sale, letting, construction and assignment of commercial property.
Since April 2008 the new Energy Performance Certificates for commercial buildings have been phased in for all commercial property sold, let or constructed.
The Energy Performance Certificate will be based upon a detailed model of the building with its heating, ventilation and air conditioning services. It will provide a grading, carbon emission rating and running cost. The model can then be used to assist with advise for future improvements.
A commercial EPC for a non-dwelling building will be valid for 10 years or until replaced with a newer one. As long as a valid EPC exists for the building, you can provide this to prospective tenants / buyers.
The relevant Management / Owner has duty to provide an EPC to a prospective buyer or tenant and will be liable to a penalty if they fail to do so. Irrespective of whether the prospective buyer or tenant purports to waive an entitlement to receive the certificate.
EPCs will have a real effect upon the market as the large investors seek to avoid poorly graded property in order to boost their green credentials. In addition, tax incentives or penalties seem likely for the future.