Tweet
The latest from Law-Now
=======================
If you cannot view this email correctly, please click here to view it online.
CRC - how should it work for landlords and tenants?
In June 2009 a Guide was published for landlords and tenants as to the potential impact of the Carbon Reduction Commitment proposals. This Guide was prepared by a working party representing a wide range of interests in the property industry including the British Property Federation, the British Retail Consortium and RICS.
Just before Christmas the same working party issued a consultation paper, again addressed to owners and occupiers. The main reason behind the consultation is to see whether a cross industry consensus can be achieved on how CRC costs should be apportioned between landlords and tenants.
It is hoped that if a standard approach can be agreed then this will not only simplify negotiations of new leases and investment property sales and purchases (if a whole series of approaches are adopted by different landlords in relation to apportioning CRC costs and benefits then there is the potential for considerable complication!) but also assist the day to day management of investment properties.
Responses to the consultation paper need to be submitted by 5th February and owners and occupiers are all encouraged to respond.
Copies of the consultation paper and 2009 Guide are available if you click here
=======================
If you cannot view this email correctly, please click here to view it online.
CRC - how should it work for landlords and tenants?
In June 2009 a Guide was published for landlords and tenants as to the potential impact of the Carbon Reduction Commitment proposals. This Guide was prepared by a working party representing a wide range of interests in the property industry including the British Property Federation, the British Retail Consortium and RICS.
Just before Christmas the same working party issued a consultation paper, again addressed to owners and occupiers. The main reason behind the consultation is to see whether a cross industry consensus can be achieved on how CRC costs should be apportioned between landlords and tenants.
It is hoped that if a standard approach can be agreed then this will not only simplify negotiations of new leases and investment property sales and purchases (if a whole series of approaches are adopted by different landlords in relation to apportioning CRC costs and benefits then there is the potential for considerable complication!) but also assist the day to day management of investment properties.
Responses to the consultation paper need to be submitted by 5th February and owners and occupiers are all encouraged to respond.
Copies of the consultation paper and 2009 Guide are available if you click here
