Found 74 relevant pages. The strongest matches explain what “eer energy efficiency rating clause” means, where the buyer risk sits, and how the clause plays out in real contracts.

Frequent Risk Signals

• Rescission Rights: If a valid EER is not included in the required disclosure documents of the ACT Contract, the buyer may have a legal right to rescind the contract before completion, though this right is subject to strict timeframes and conditions under the Civil Law (Sale of Residential Property) Act 2003.
• Outdated Reports: A major buyer's risk involves relying on an EER that is several years old; if the property has been modified or the rating standards have changed, the actual energy performance may be significantly lower than stated.
• Hidden Utility Costs: A low star rating (e.g., 0 or 1 star) is a red flag for high electricity and gas bills, which can add thousands of dollars to the annual cost of living in the Canberra climate.
• Renovation Requirements: Buyers may find that a low EER prevents them from making certain structural changes without also paying for expensive insulation or glazing upgrades to meet current Australian Capital Territory building codes.
• Valuation Discrepancies: Bank valuers often consider the EER when determining the property's market value; an inaccurate or poor rating could lead to a lower-than-expected valuation, potentially causing a shortfall in mortgage funding.
• Chinese-Australian Investor Compliance: Investors must ensure the EER is accurately disclosed to tenants; failing to provide an accurate rating in future lease agreements can lead to disputes and penalties under ACT residential tenancy laws.