green leases
With energy costs rising, CSR policies requiring environmental
improvements and the Government introducing measures to reduce CO2
emissions, the Australian concept of the green lease has emerged in
the UK.
These leases contain alternative or additional clauses dealing
with a wide range of environmental issues including recycling,
energy efficiency, water management and the use of sustainable
materials in fitting out/alterations.
While a developing area, there are considerable benefits for
certain landlords and tenants in adopting such documents. These
benefits have to be weighed against moving away from an industry
standard form of lease which the market is use to and funders are
comfortable with.
Those organisations that do not wish to enter into a full green
lease could always consider a green memorandum of understanding
detailing management arrangements at the property.
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For more information on this or other
environmental law issues, email us at environmentinfo@bllaw.co.uk.
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