Commercial Property Solicitor
0114 253 6543 | email Jonathan
View Jonathan's profile
"Green Leases" - initiatives to improve the environmental performance of commercial property
With more and more focus on the need to reduce the UK's carbon footprint initiatives are being taken to improve the environmental performance of commercial property.
Although the first initiatives are to reduce London's CO2 emissions there is no reason why similar changes cannot be implemented elsewhere.
"Green Lease" clauses
Green Lease clauses could be added to a standard commercial lease to provide for some or all of the following measures aimed at minimising environmental impact:
Agreements to improve the carbon footprint of a commercial property
Changes may also be implemented during the term of an existing lease if the Landlord and Tenant commit to a Memorandum of Understanding, in keeping with the property, as to how carbon, energy, waste and water can be reduced.
Agreement could be reached on matters such as purchasing energy from renewable sources, recycling facilities, use of energy efficient plant and equipment or provision of bike storage and showering facilities.
The extent of the measures to which the Landlord and Tenant wish to commit and the time scale for implementing the agreed programme would be matters for contractual agreement between the parties . A model Memorandum of Understanding with a ‘checkbox' Schedule of possible measures is available to assist in agreeing a co-operative framework.
It is hoped that this will provide a solution to those owners and occupiers that want to address environmental issues but may be deterred by the costs and the amount of time it may take to document the arrangement.
If you wish to discuss this article or require any advice or assistance in relation to commercial leases then please do not hesitate to contact Jonathan Senior on 0114 2536543.