Planning to sell, lease, or refinance your building?
— Texas Tribune (@TexasTribune) January 9, 2014
If so, take a moment to see if you’re affected by California Assembly Bill 1103, which mandates that certain building owners disclose their building’s energy efficiency rating for the previous year to potential buyers, lessees, and lenders.
If you’re unfamiliar with AB 1103, here’s a short primer on the law, who it affects, and how to get your building rated:
When Does the Law Take Effect? Which Building Sizes Are Affected?
AB 1103, which took effect on January 1st, 2014, applies to certain nonresidential buildings at least 10,000 sq. ft. in size. Beginning July 1st, 2014, however, the law will apply to designated buildings with 5000 sq. ft. or more floor space.
What Kinds of Buildings Does AB 1103 Apply To?
If you are selling, leasing, or refinancing your entire building, AB 1103 applies, provided your building is of one of the following types: