Energy Performance Certificates The Most valuable Asset

Do not allow your most valuable asset to be affected
We recently moved to our new Bicester offices and our thoughts focus on the energy performance of our new home. Did you know that the legislation is changing (as a result of the Energy Law of 2011) in relation to Energy Performance Certificates (EPC)?
As of April 2018, it will be illegal for homeowners to leave or offer commercial or residential properties that do not meet the minimum standard energy rating. This change could have a great impact, in fact, it would leave non-conforming buildings impossible to receive. Changes in EPC requirements are part of the government's scheme for greater energy performance.
How does this affect me? I hear you ask.
The changes to the EPCs are to establish a minimum energy performance standard in an EPC to an "E" rating, at this time the minimum ratings are "F" and "G". These changes mean that the owners (and also the tenants who wish to assign or sublet) properties that have a rating of "F" or "G" may not leave them (assign them or sublet them) as of April 2018.
It may seem like a long road, but these changes will soon be upon us and you cannot afford not to be prepared. So what should you be doing now? If you own commercial or residential properties, begin the process of evaluating the energy performance of those properties as soon as possible. Give yourself enough time to be ready for the changes that will take effect in April 2018.

What should you do
Commission an EPC for the property as soon as possible, even if the property is not currently rented or rented. Obtaining an EPC at this stage will allow you to evaluate and evaluate the amount of investment that will be needed to enter the property to ensure that it achieves, at a minimum, the minimum required energy rating of 'E', which will be effective as of April 2018 Doing this now will also ensure that the value of the property is maintained beyond the changes that take effect.
The requirement that the building have a minimum grade of "E" also has an impact on the tenant of a commercial or residential building. They should keep in mind that if they are occupying the property under a lease agreement and the term of that contract extends beyond April 2018, their ability to assign or sublet will be hindered if the property does not meet the required standard.
How will obtaining an EPC now help preserve the value of the property after April 2018?
If the minimum requirements for an EPC (that is, an 'E' rating) for a commercial or residential property are not met, it could have the following impact on what is invariably the most valuable asset of the owner:
• adverse effect on the merchant ability of the building: some buildings would be impossible to leave unless they were updated to meet the minimum requirements
• adverse effect on the value of the capital of the building as an asset if its marketability is reduced or reduced
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