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EPC Legislation
When a business is put up for a sale and a property is included within the sale, an Energy Performance Certificate (EPC) may be required should the property not be owned by the Limited Company being sold. An EPC provides a buyer with details about a property’s energy efficiency and likely carbon dioxide (CO2) emissions. An EPC applies only to business properties which have ‘their own heating or conditioning units’.
It is a legal requirement that you must apply for an EPC within seven days of marketing a business and receive it within 28 days of the process beginning.
It’s vital that the rules are carefully followed, as if the EPC is not obtained within the requisite number of days of marketing a business, there can be severe penalties
The penalty fee for not having an EPC is fixed at 12.5% of the rateable value of the relevant building - between £500 and £5,000. Once you have the EPC, it is valid for 10 years.
Brokers can also be fined if they market businesses and properties that do not have an EPC - we can help provide all the information you need to get one easily so that you meet your legal obligations when you come to sell your business.
