Commercial property owners must take EPC seriously | 23 January 2013
Owners of commercial properties must take the new rules surrounding Energy Performance Certificates (EPCs) seriously, according to advice issued by Jones Lang LaSalle’s Martin Smith.
As of January 9th 2013, EPCs must be displayed prominently in commercial properties which have previously been issued with a certificate and span over 5,000 square feet, propertyweek.com confirmed. The rules stipulated other changes, too, which Smith said owners should make themselves aware of.
“We strongly advise all commercial property owners and occupiers to review their portfolios now and consider the risks,” Smith warned, cited by bdaily.co.uk. “First and foremost, it is essential ti know the current EPC rating of your building. You can then consider options to improve the energy rating and minimise future complications.”
What’s more, he urged owners to think far into the future – as in 2018, further changes to legislation surrounding EPCs may come into force. These could include not being able to lease out a building that doesn’t meet a specific EPC standard, Smith guessed, but added that his company believes many property owners are trying to plan ahead for such events.
“[They] will pay increasing attention to the overall sustainability of any building,” Smith predicted.
Although it is technically commercial property tenants who are responsible for displaying the notices, landlords/the property owners do have responsibility for any areas of the building that are controlled by them. They could be fined if they don’t comply, Smith concluded.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
Research by Qube Global Software reveals that only a tiny proportion of the UK’s leading property and facilities management companies believe they are harnessing technology successfully.
Qube Global Software and Engage enter joint venture in boost to Build to Rent Sector.
We are pleased to confirm that Qube Global Software will once again be exhibiting at MIPIM in Cannes, South of France.