New Energy Law May Jolt Owners
Emily L. Murray in GlobeSt
Press Mention
4.25.13
Starting July 1, owners or managers of non-residential buildings over 50,000 square feet will need to disclose their site’s energy usage in advance of any sale, lease or refinancing. Emily Murray, an attorney with Allen Matkins, tells GlobeSt.com that the biggest potential pitfall of not complying with the new regulation is in a dispute over a transaction. “If you go to sell and enter a purchase contract and the deal goes south, if you failed to make the energy disclosure, it could be a point of contention,” she says.
RELATED INDUSTRIES