Green Building Leases
Green Building Leases
By moving away from the common "Net Lease" mentality to a "Green Gross Lease" approach, real estate operators and investors can shift the duty of managing operating costs back to the landlords while easily creating significant incremental value for themselves and their tenants.
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Corporate real estate executives are less likely to pay a premium for green office space than a year ago, even though more of them place a higher priority on sustainability.
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The use of a green lease, as opposed to traditional lease, is essential to any commercial green building operation.
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As green building gains popularity, real estate brokers may benefit from LEED credentials or the Certified Green Broker designation.
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Green leases can be a win for both tenants and landlords. The key is to hold both parties somewhat accountable for maintaining sustainable efficiencies in building operations.
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Neil asks: Do you have any suggestions for property owners to attract tenants that have sustainability goals and what green investments are best to consider..? Thank you in advance.
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Once you've decided to green your building or portfolio, there are many reasons to consider introducing a standard form of green lease for your properties.
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Consider using a green leasing guide or green office guide in your plans to integrate green decision-making throughout the leasing process.
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Dean asks: I'm interested in the legal aspects of negotiating a lease for office space in a LEED-EB/OM building.
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