subject: What is a Commercial EPC ? An Easy Explanation! [print this page] What is a Commercial EPC ? An Easy Explanation!
What is a Commercial EPC
The Commercial EPC - Energy Performance Certificate looks similar to the certificates now provided with domestic appliances such as refrigerators and washing machines.
It tells potential buyers and tenants about the energy performance of a building so they can consider energy efficiency as part of their investment or business decision to buy or occupy that building.
All EPCs come with a recommendation report which includes advice and suggestions on improvements you could make to save money and energy.
From 1st October 2008, it became a legal requirement for the Seller or Landlord to provide a Commercial Energy Performance Certificates (EPCs) to potential buyers and tenants.
This is to help them consider the energy efficiency of the building as part of their investment or business decision whether to buy or occupy that building. Commercial EPCs should be provided to the prospective buyer or tenant at the earliest opportunity and no later than when a viewing is conducted or when written information is provided about the building or in any event before entering into a contract to sell or let. Failure to obtain a Commercial EPC can result in a fine. In most cases, the penalty charge will be 12.5% of the rateable value of the building with a default penalty of 750. The range of penalties are set with a minimum of 500 and capped at a maximum of 5000.
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