For buyers of commercial buildings to understand if they are buying an energy efficient or inefficient building, a meaningful energy disclosure is necessary.\u00a0\u00a0 If buyers, lessors, and lenders can understand the relative energy efficiency of buildings then the market will reward efficient buildings.<\/p>\n
With the passing of California\u2019s Assembly Bill 1103<\/a>, energy efficiency concerns have moved to the forefront of property owner\u2019s minds.\u00a0 California\u2019s AB 1103 mandates that, beginning in 2010, all non-residential buildings must disclose their\u00a0building energy\u00a0rating (the measure of a building\u2019s energy efficiency) when the building is financed, sold or leased.\u00a0 This means that potential buyers, tenants and lenders will be focusing not only on traditional considerations such as price and amenities, but will be comparing energy ratings as well.\u00a0 Building owners and sellers can increase their energy rating by hiring a professional energy consulting firm to conduct an energy audit of the building and by implementing the recommended energy efficiency projects.<\/p>\n This website is serving as a forum to communicate the best energy disclosure practices.<\/p>\n","protected":false},"excerpt":{"rendered":" For buyers of commercial buildings to understand if they are buying an energy efficient or inefficient building, a meaningful energy disclosure is necessary.\u00a0\u00a0 If buyers, lessors, and lenders can understand the relative energy efficiency of buildings then the market will \u2026 Continue reading