Businesses whose leases are up for renewal are being advised to check the energy performance rating before signing on the dotted line.
With new Energy Performance Certificates (EPCs) due to come into force in April 2018, as currently proposed the changes will mean that after this date it will become unlawful for any commercial property to be either sold or let where it has an EPC rating of below band E.
This means for example that anybody looking to sign a new lease agreement now which runs beyond this date, may be able to use the new legislation as bargaining chip in their negotiations with the landlord.
Conversely savvy landlords who are already ahead of the game and have better rated properties will be able to attract those wavering about whether to stay put or move on.
Paul Williams, head of agency at the Bristol office of Bruton Knowles is now advising both tenants and property owners to get in touch in order to strike the best deal while ensuring any property complies with the required energy efficiency rating.
Paul said, "Some businesses will be looking to sign new agreements taking them forward to 2018 and beyond. Although this date might seem a long way off it's surprising how quickly it will come round.
"Being proactive now will help landlords reap the benefits later on and will make any property more attractive to tenants."
The new rules come into effect from 1st April 2018, after which it will no longer be lawful to let buildings with an EPC rating of F or G. There are around 20 per cent of commercial buildings already falling within these categories.
Compliance365 is an independent energy consultancy. We provide advice and guidance on all our services; how to save energy; how to save money on your energy bills; and ultimately how to become more energy efficient. Our aim is to be as cost effective and flexible as possible for our clients.
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