For many buildings of a commercial nature in the UK there is a legal requirement for an Energy Performance Certificate (EPC) to be put together prior to the building being let to tenants or sold on to new owners. This short guide tells you all you need to know about an EPC for your commercial property.
The EPC on a commercial property is similar to a domestic property in that it displays an energy rating on an A-G scale and is valid for 10-years. As soon as a commercial property is in the process of being offered to rent or for new buyers the current landlord or owner has the responsibility of ensuring a prospective buyer or tenant has free access to an up-to-date EPC.
There are a few exceptions to commercial buildings requiring an EPC, including those buildings that are due to be demolished, or the site is suitable for redevelopment, or it is to be sold or rented out with vacant possession. Property owners without an EPC readily-available may face a penalty (12.5% of the rateable value of the building – a default penalty of £750 in those cases where the formula cannot be applied – between a minimum of £500 and a maximum of £5,000).Since April 2018 all buildings must meet a minimum rating of E or above, with remedial work required on those falling on an F or a G rating. At Artisan we have a team of assessors who can provide a modelling service outlining cost effective ways to bring the rating up to an E. For more information about this service please feel free to give us a call on 02380 982 580.