Drafting, negotiating ‘green’ lease


Originally published in Colorado Real Estate Journal - September 1, 2010 - September 14, 2010.

Building “green” is an effort that appears to be here to stay. Nearly all new projects are now constructed with sustainability in mind, and the practice of building “green” has been recognized as a business best practice throughout the country. The more recent trend of green leasing is an offshoot that is gaining attention for its ability to improve worker productivity and satisfaction, provide cost savings over the life of the building and improve a building’s overall marketability. Consequently, most landlords, tenants and property managers eventually will draft or negotiate a green lease.

There are three major rating systems for green buildings in the United States: 1) the U.S. Environmental Protection Agency’s Energy Star; 2) the Green Building Initiative’s Green Globes system; and 3) the U.S. Green Building Council’s Leadership in Energy and Environmental Design Green Building Rating System. Additionally, those interested in LEED certification for current retail projects must pursue LEED 2009 for New Construction or LEED 2009 for Commercial Interiors. LEED 2009 for Commercial Interiors addresses specifics of tenant spaces primarily in office, retail and institutional buildings. Pursuant to the USGBC’s Web site, the LEED for Retail rating system is scheduled to launch in late 2010.

Regardless of rating system, green leases address unique aspects of lease documents that conventional leases often miss, particularly when it comes to the relationship between landlord and tenant...

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Snell & Wilmer | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.