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Sustainability

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Retail Green Lease Primer
Green leasing is the practice of integrating provisions into existing or future leases that unlock the potential for energy reduction or other sustainability-related efforts.

About Green Leasing

​Green leasing is the practice of integrating provisions into existing or future leases that unlock the potential for energy reduction or other sustainability-related efforts. 

Components of a “greener” lease. Potential “green” lease modifications fall into five broad types, and seek to:
  1. Improve the base building and common area – address improvements to the base building shell, including common areas.
  2. Improve interior tenant spaces – address improvements to the tenant’s space, consistent with the premises’ permitted use.
  3. Align economic incentives to encourage “green” investments – address mis-alignments between the party that is investing in property improvements and the party that receives the benefits.
  4. Increase access to information on resource use – make the energy and water usage, and waste generation data visible to both parties.
  5. Clarify access and control of key areas of the property – define which party(ies) have access to spaces, such as the rooftop, and who has the right to implement projects in those spaces.

Download the Green Lease Primer

The Primer's objective is to identify provisions in a standard lease agreement that can be modified to address both landlords’ and tenants’ goals, as well as the potential modifications to those provisions​.

Last Update: 8/30/2016 8:35:32 AM