Will the Energy Act 2011 affect you as a commercial landlord?

by EdwardHandsandLewis on May 21, 2013

By Eleanor Robinson
The Energy Act 2011 will not come into force until 1 April 2018, but commercial landlords are advised to start planning now, or face great difficulties in the future.
The Act will introduce a minimum acceptable energy level rating (currently suggested to be an E rating). Any building rated lower than this will not be able to be rented out unless significant efforts have been made to improve. Around 20% of rented commercial property falls into this scope which means a vast number of landlords could be in trouble.
In order to upgrade properties to an acceptable level before the ban comes into force, landlords are being advised to take advantage of the government’s ‘Green Deal’. The Green Deal allows works to be carried out to improve energy ratings without any upfront costs. Instead, the costs will be claimed back from savings the landlord makes in future energy bills. All the landlord has to demonstrate is that anticipated energy savings are at least as high as the cost of the works carried out.
We would suggest all landlords commission updated Energy Performance Certificate to establish whether they fall below minimum energy standards and decide whether the Green Deal could be of benefit to them.
EdwardHandsandLewis
www.ehlsolicitors.co.uk Edward Hands & Lewis is a firm that has evolved over time with a commitment to its core values. We have never forgotten that we are here because of our clients who have supported us over many years. We are proud to be at the heart of the communities in which we serve and we are equally proud of the team that we have to provide such service. We aim to provide value for money with a commitment to good, clear and concise advice. We take the time to ensure that our advice and assistance matches your goals. Unlike many professional services organisations, brevity and helpfulness are our watchwords. The agile and creative minds of the people we employ equip them to advise the same client on a diverse range of matters. This multi-specialism makes our lawyers and advisors expert on a range of the legal and other issues affecting their clients’ business. The strength and depth of our client relationships avoids wasted time and cost: it enables us to keep up to speed on business and sectoral developments and there is no need to field large teams of experts as a matter of course. While we have been established for many years, we pride ourselves on forward-thinking and believe we have achieved the right blend between traditional and modern. Whether you are an existing client of ours, are about to become a client or are looking to join us, we sincerely hope that your experience is a positive one.
EdwardHandsandLewis
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