NABERS – Mandatory Disclosure
NABERS
NABERS is a performance-based rating system for existing buildings. NABERS rates a building on the basis of its measured operational impacts on the environment, and provides a simple indication of how well you are managing these environmental impacts compared with your neighbours.
NABERS – the National Australian Built Environment Rating System – is a national initiative managed by the NSW Department of Energy Climate Change and Water.
Vertigy NABERS assessors rate a building’s overall performance on a scale of 0-5. The higher your rating, the higher your sustainability.
From 1 November, it is mandatory to disclose a building’s NABER’s rating in order to transact certain properties; including sale, lease, sublease or transfer. Commercial properties over 2000 square metres must have a completed NABERS rating in order for a transaction to proceed.
Commercial Building Disclosure – 1 November 2010
From 1 November 2010 most sellers or lessors of office space of 2,000 square metres or more will be required to obtain and disclose an up-to-date energy efficiency rating.
A full Building Energy Efficiency Certificate (BEEC) will need to be disclosed prior to transacting a building. BEECs are valid for 12 months, must be publicly accessible on the online Building Energy Efficiency Register, and include:
- a NABERS Energy star rating for the building
- an assessment of tenancy lighting in the area of the building that is being sold or leased and
- general energy efficiency guidance
The NABERS Energy star rating must also be included in any advertisement for the sale, lease or sublease of the office space.
ARE YOU AFFECTED?
Mandatory disclosure will affect:
- Vendors / purchasers of property
- Real Estate agents
- Lessors / lessees
- Owners and vendors of property
- Property managers
- Property trusts
- Solicitors and Conveyancers
And many more.
CONTACT US FOR MORE DETAILS:
Call (02) 8006 4998, or
Email nabers@vertigy.com.au
