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ARTICLE · 19 MAY 2017

Greater Disclosure Obligations For Office Owners

Dentons
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Currently, before offering to sell or lease office space over 2,000sm, owners must obtain the building's energy efficiency rating and disclose it to prospective purchasers or tenants (as applicable).

AustraliaReal Estate and Construction
Jennifer Andrews
Jennifer Andrews
Leigh Wilson
Leigh Wilson
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Building owners' obligations under the Building Energy Efficiency Disclosure Act

Currently, before offering to sell or lease office space over 2,000sm, owners must obtain the building's energy efficiency rating and disclose it to prospective purchasers or tenants (as applicable).

What's changed?

From 1 July 2017, the threshold will be reduced from 2,000sm to 1,000sm, thus capturing the sale and leasing of more office space.

What does this mean to owners of office space?

From 1 July 2017, before offering to sell or lease office space over 1,000sm (Disclosure Affected Space), owners must:

  1. Register a Building Energy Efficiency Certificate (BEEC);
  2. Provide the BEEC to prospective purchasers and tenants, if requested; and

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