New Energy Performance Certificates (EPCs) come into force in April 2018 and means that after this date, it will become unlawful for any commercial property to be either sold or let where it has an EPC rating of below band E.
With about 20% of all commercial space falling below this level means a lot of properties right across the UK will have to be upgraded in order to make the mark.
As some businesses will already be looking to sign new lease agreements taking them forward to 2018 and beyond, means the building they occupy will need to be upgraded, placing them in a strong position when negotiating new terms.
For builders, news on the introduction of the EPC ratings will mean they can approach landlords and property owners offering them estimates and work to make the building habitable under UK Law.
Joanna Mulgrew, sales and marketing director at HBXL is now advising builders who want to quote accurate and up-to-date prices on any upgrade work to consider using the company’s EstimatorXpress software.
Joanna said: “Anybody looking to sign a new lease agreement now which runs beyond this date may be able to use the new legislation as a bargaining chip in their negotiations with the landlord.
“Landlords not wanting to lose tenants because their property does not comply with the latest regulations will need to act now and presents builders with a fantastic opportunity to quote for this upgrade work.
“Using EstimatorXpress to work out the cost of the job will mean nothing is missed and will give the property owner a totally accurate and up-to-date cost of the job. Because it’s totally up-to-date on the latest regulations it’s perfect for this type of work as it will specifying the materials for the job using its updated specifications.
“Being proactive now will help landlords reap the benefits later on and will make any property more attractive to tenants. For them, being presented with an accurate estimate from the very beginning is imperative as they will not want to pay out any more once they’ve had the initial quote.
“Although awareness amongst occupiers is still low, this will rise over the next year as the potential impact of the legislation is recognised, and taking appropriate action at an early stage is likely to result in improved future returns for landlords.”
For further information on EstimatorXpress or any HBXL product please call T: 0845 1234 065 or visit the web site www.hbxl.co.uk
