New Laws requiring Property Vendors to obtain Energy CertificatesBy Kerstin Buechner Dias • Oct 14th, 2013 • Category: Property News & Info, Quinta Lifestyle
This summer a new law has been passed in Portugal which will affect all Property vendors as well as the real estate agents.
The new law states that property vendors must provide the selling agents with an energy certificate and all particulars published by the agent in print or online must feature the energy grade. Should agents fail to do so, there are heavy fines for both vendor and agent. We have until the 1st December 2013 to put this in place.
At first glance this probably seems like a nuisance, but at point of sale this certification is required by the lawyers whether the sale is of a property owned by you personally or it is sold via a company.
The current cost of obtaining the certification ranges from around Euros 200 to 300 depending on the size of the property.
For further information please contact your lawyer or management company. Alternatively, we can recommend a local company based in Almancil called Termoflux who can offer a very good service with competitive rates. Their contacts are Termoflux, Pedro Viana, telephone: +351 914 029 805 or e-mail: email@example.com