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OWNERS OF AN ESTIMATED 1.6 MILLION COMMERCIAL PROPERTIES COULD FACE ENVIRONMENTAL FINES FROM 4TH JANUARY

An estimated 90% of all commercial property owners still haven’t taken steps to get their energy performance certificate

Commercial property owners responsible for an estimated 1.6 million properties across the UK face fines because they either fail to understand or have ignored new Energy Performance Certificate (“EPC”) legislation which will become a legal requirement on 4th January, according to independent specialist environmental consultancy Envos.

After the 4th January the legislation requires all commercial property owners to obtain an EPC before the property can be marketed for either sale or letting. From this date failure to do so risks a fine and means that landlords will not be able to capitalise on the financial benefits of having an EPC.

But Envos warns that 90% of the commercial properties owned by the people it has spoken to still don’t have an EPC and aren’t in the process of getting one, which equates to a staggering 1.6 million commercial properties across the country1.

Wade Barker, Managing Director of Envos, said: “There are still far too many commercial property owners who are unaware of what an EPC is and how they get one. The Government claims there are enough trained assessors, but if this is accurate it is only because so many property owners haven’t realised they need to get an assessment so urgently.”

Envos is also warning that failure to comply with the legislation and act on EPC information risks damaging the market value and rental yield of the property.

Wade Barker continues: "Property owners need to get their EPC as soon as they can, so that they can get on with the important business of making commercial properties more energy-efficient and reducing the carbon footprint of our buildings. UK businesses are haemorrhaging almost £7 million a day due to poor energy-efficiency, and in this tough economic climate, energy saving could be extremely financially rewarding for them.”

The Communities and Local Government’s (CLG) decision to introduce transitional arrangements for implementing the EU Energy Performance of Buildings Directive effectively extended the deadline from October 1st 2008 until January 4th 2009, and was seen by many including Envos as an admission that there weren’t enough qualified assessors to undertake the surveys.

Email: Ian.Morris@citigatedr.co.uk


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