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Are you selling or leasing a commercial property?
15 February 2008

A lack of clarity over a new law for the commercial property market is causing widespread confusion - just two months before it is due to be introduced. Some people in the industry fear the market could "grind to a halt" if the rules are introduced as planned on April 6.

From that date, anyone selling or letting a commercial building with a floor area of over 10,000 square metres must provide the prospective buyer or tenant with a valid Energy Performance Certificate (EPC).

The certificates - similar to those that form part of the Home Information Packs (HIPs) for residential properties - indicate the energy efficiency of a building and could help the landlord to sell it or let it out more quickly.

The size of a building needing an EPC will be reduced to 2,500sq metres from July 1 and all will need one from October 1, though some buildings, such as churches and temporary structures, will be exempt.

For specialist advice on these issues and support with your sale or lease, please contact our Commercial team today on 01482 861635