California’s commercial building energy disclosure law, AB 1103, will go into effect July 1, 2013.
The law requires commercial building owners to disclose a building’s historical energy usage prior to selling, leasing, or financing the asset. This will turn into one more third party report a commercial building owner needs to get a deal done. If done well, buyers will gain a better understanding of the building that they are buying. Perhaps market forces will reward more energy efficient buildings.
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