This legislation can have significant implications for landlords and for occupiers who wish to assign or sublet space in their tenanted property and will :
- Affect the maketability of some properties that will be impossible to market unless they are upgraded
- Valuations of properties can be affected resulting in a reduced valuation.
- Implications for dilapidations could be affected, particlarly commercial property
- Be impossible to create a new lease or tenancy until the property has been upgraded.
Given the risk property owners and occupiers need to have a clear understanding of the energy efficiency of their property and undertake any relevant upgrades as soon as possible.
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