Green Leasing

Summary

This practice note discusses the increasing use of provisions in commercial real estate leases addressing environmental concerns and issues (commonly referred to as "green" lease provisions), whether through the qualification of buildings or tenant space as green by recognized ratings or governmental entities or through specific operating requirements such as efficient energy and water use or recycling. It describes the typical green lease issues from both the landlord and the tenant's perspective and provides guidance for the preparation of green leases from the landlord's perspective.