Landlords of both residential and commercial investment property should be aware that with effect from April 2018 if their investment property has an Energy Performance Certificate (EPC) rating of F or G, it will be unlawful to let the property.
We encourage all property investment owners to review their existing certification and action the recommendations now. Trying to find an insulation contractor or an electrician (two common areas that can improve a property’s rating) in March 2018 might be an impossible task and this could prejudice letting a vacant building or renewing a commercial lease.
If you are unsure Goadsby will be pleased to assist you.
Anyone familiar with a commercial property lease will know rents and other payments are likely to be set out as payable on quarter days throughout the year I.e. 29 September, 25 December, 25 March and 24 June.
The 1st April 2017 rating list assessments are based upon assumed “open market” rental valuations at 1st April 2015.
Careful consideration is required when calculating the size of offices that you require, as it is important to avoid expensive relocations. Too much space and you could have unnecessary overheads and too little, could