Building Owners Beware: Building Energy Disclosure is now compulsory

From 1 November 2011, owners of commercial buildings must provide a Building Energy Efficiency Certificate (BEEC) when selling, leasing or subleasing office premises.

Who is affected?

The Building Energy Efficiency Disclosure Act 2010 (Cth) requires a BEEC to be provided when:

• An owner offers to sell, lease or sublease a building (or part of a building
• The owner is a corporation;
• If offered for lease or sublease, the term is longer than 12 months (including options);
• The premises being offered has a net lettable area of more than 2000 square metres; and
• The premises is used (or capable of being used) as an office.

However, you are excepted if:

• The premises is part of a strata plan;