Energy Consultancy And Services : Green Deal Assessors

We are Green Deal assessors for both domestic and non domestic properties.

Green Deal

The voluntary Green Deal is likely to be available from Autumn 2012. Its impact on property transactions will include the fact that the liability for payments for works pursuant to the Green Deal (through the electricity bill) will run with the land and the buyer of a property subject to the Green Deal will take on the liability. If a tenant or licensee pays the energy bills, they will take on the liability. This may have an impact on the property's valuation and should be taken into account in assessing the property's price.

The seller, landlord or licensor (licence to occupy) will have to disclose details of any Green Deal plan to a prospective buyer or relevant tenant or licensee, who must then acknowledge in the relevant documentation (contract, lease etc) that they will be liable for the Green Deal charges payable through the electricity bill. The Green Deal will be disclosed using the energy performance certificate. Occupiers of domestic and non-domestic premises and private sector landlords can benefit from the Green Deal.

Potential restrictions on letting for properties with low EPC rating

Of potentially great importance, the Energy Act 2011 requires the Secretary of State to make regulations to ensure that a landlord achieves a certain level of energy efficiency for a property in England and Wales, before the landlord can let the property. This applies to non-domestic and domestic private rented property (excluding social housing). As currently proposed, it appears that the property must achieve at least an "E" rating on the relevant energy performance certificate (EPC) and it is proposed that this will come in no later than 1 April 2018. That seems a long way away, but it could come in sooner without much prior notice. Therefore, landlords with or prospective buyers of energy inefficient properties (with "F" or "G" ratings) need to be aware that at some point, possibly in the foreseeable future, they will have to carry out works in order to be able to let their properties. Certain properties (to be specified in future regulations) will be exempt from this requirement. A key point for landlords will be whether the cost of those works will be recoverable from existing tenants under the service charge or other provisions in the lease.

For more details on how Home/Commercial  Survey Reports can help call now.

Tel: 0161 764 8780