Real Estate Terminology

A lease that aims to ensure the lease property is energy efficient. In particular, a green lease should set out the landlord’s and tenant’s respective responsibility for energy efficiency and such aspects as waste recycling. Matters covered should include energy performance rating, environmental management policies, metering and monitoring data, policy for energy compliance in the common areas, audit and reports on the efficiency of the building systems, recycling systems and any environmental issues such as asbestos abatement. The landlord should formulate an environmental policy, including such aspects as energy monitoring and targets for energy conservation, water consumption, environmental policies, building management systems and waste recycling and these should then be made available to the tenant’s for their implement wherever possible.