EPC Commercial Property - Squared

Commercial Energy Assessments Private rented residential accommodation must have an EPC. Shared houses where tenants have separate tenancy agreements do not need an EPC. The law says you must have a valid EPC when marketing a property for letting. The EPC is valid for ten years, you do not need a new one for each new tenancy. If energy efficiency improvements have taken place, it is good practice to renew the EPC. Energy Performance Certificates are important because they allow prospective buyers and tenants to access the energy efficiency of a building before deciding whether they want to live in such a property. EPCs are also important because they give suggestions on how to make a building more energy- efficient thus reducing the energy usage of that building. An EPC is a certificate that will show you how energy-efficient a property is. Properties are given a grade between A-G. A is the most efficient scoring, with G being the least efficient. The certificate lasts for 10 years and includes estimated energy costs. There’s also a summary of the energy performance related features of a property. The benefits of having a property with a good EPC rating is that it will be more comfortable to live in and have lower energy bills. You will also be eligible to access lenders that offer Green Mortages that have preferential interest rates. An approved energy assessor will log the data generated from the assessment on to a national register. This is the only place EPC data can be stored. It is also only valid once the data is entered into the register and given a reference number per data set. Once logged on to the database the energy assessor must provide the selling party or landlord with the EPC. There are many options available when it comes to mees in today’s market.

Perhaps the most important aspect of the EPC document is the recommended top actions that you can take, how much these changes could cost, and how much money they could save you over three years. For instance, it may recommend cavity wall insulation as a top action. This work is estimated on the certificate to cost between £500 and £1,500 however over three years you could save £496. An EPC provides a brief overview of the energy efficiency for property buyers while looking through the property listings. It gives information about a property's energy usage and cost. It also provides tips on how to increase energy efficiency and decrease carbon dioxide emissions. Any building that is even partially occupied by a public authority such as a local council, college or NHS Trust and has a total floor space greater than 250 square metres and, which is regularly visited by the public has to have a DEC on display on a page no smaller than A3 size in an easily accessible location. Failure to do so can incur a £500 fine. Private organisations aren’t required to have a DEC, but they do need to have an EPC. A property can be legal to market as soon as an EPC is booked so there is no need to worry


Who Upvoted this Story


Comments