ALEJANDRO GUILLEN VALLS SOLICITOR

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Energy efficiency certificate to sell and rent real estate

Posted by ALEJANDRO GUILLEN VALLS on April 28, 2013 at 3:45 PM

On April 5th 2013 the Ministries' Council passed an Act regarding energy efficiency certificates of buildings. According to this law an energy certificate will have to be provided when selling or renting a property from June 1st 2013.

There is only one relevant exception in case of selling: properties with a surface of less than 50 sq meters.

In case of rentals there are two exceptions: a) rental agreements of less than 4 months and b) rental agreements of less than 12 months and more than 4 months but being the energy consumption less than 25% of the normal energy consumption in case of occupancy during the whole year. In this second case the owner has to make an statement.

The expected cost for obtaining this certificare depends on the surface of the property but estimations are between 150 and 300 euros for a standard flat. Certificates expire in 10 years.

In case of new buildings developers will have to take into account the energy consumption of the building since the drawings stage and it will be mandatory to recorg the construction in the Land Registry. 

Apparently Registrars will not refuse recording transactions in case the certificte be not provided by the parties to the deed. 

Fines will be set in the Law of "rehabilitación, regeneración y renovaciones urbana" expected to be passed in June 2013.

The Act of energy efficiency certificates is the implementation of the 2010/31/UE Directive.

 

 

Categories: Real Estate

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1 Comment

Reply johan alquist
10:04 AM on July 4, 2013 
Dear Sir.

I am interested on more information regarding fines to real estate agents. Please could you provide more information on that?. Thank you.