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Provided by: Lorman Education Services Green Leases: Negotiating Renewals and Direct Leases Under Sustainability Mandates |
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Training
Provided by Lorman Education Services
nA steadily increasing number of tenants, along with state pension funds and other institutional partners of commercial landlords, and state and local legislators are combining forces to press commercial landlords into moving forward with green buildings and the greening of existing buildings. The LEED® movement for green building leases started with encouraging energy efficiency and then addressing environmental concerns. Now the movement is heading toward tracking individual carbon usage. Green building leases need to be drafted and negotiated to protect the landlords and the tenants as sustainability programs are implemented. These green leases need to address provisions such as those dealing with the initial construction of tenant improvements, alterations, operating expenses, insurance, utilities, and rules and regulations. In this teleconference, we will review the background of the green building movement, the definition of green building and green building lease. We'll primarily focus on the drafting and negotiation of language to address the fundamental green building lease issues such as the inconsistent incentives for landlords and tenants on operating expenses, the allocation of carbon credits and tax credits, and the responsibility for capital costs for the retrofitting of buildings. Such negotiations will challenge the representatives of the parties - this teleconference will assist you in meeting this challenge.
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nDisclaimer: This teleconference is based on publicly available information concerning the LEED® rating and certification system, and is not specifically endorsed or approved by the U.S. Green Building Council.
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Green Leases: Negotiating Renewals and Direct Leases Under Sustainability Mandates
Agenda
- Background
- Landlord and Tenant Face Pressure in an Environment of Minimal Guidance and Standards
- Current Impact of Buildings on the Environment
- Benefits of Green Buildings (per www.usgbc.org)
- Environmental Benefits
- Economic Benefits
- Health and Community Benefits
- Defining a Green Building
- Series of Rating Systems for Evaluating Sustainable Building Practices; LEED®
- Categories of Sustainable Practice
- Defining a Green Lease
- Addressing the LEED® Sustainability Rating System on a Category-by-Category Basis
- Addressing Features Intended to Go Beyond the Specific LEED® Rating Systems
- Negotiating Language Addressing the Primary Impacted Lease Provisions
- Work Letter
- Alterations, Operating Expenses, Utilities, Insurance, and Rules and Regulations Provisions
- Review of Sample Language Addressing Each Category of Sustainable Practices Under the LEED® Rating System and Other Green Lease Provisions
- Allocating Tax and Carbon Credits
- Appropriate Remedies for Breach of Green Leasing Provisions
About The Training Provider: Lorman Education Services
Lorman Education Services - Lorman Education is dedicated to providing cost-effective training opportunities that meet the needs of our members and enhance their skills, knowledge, and competencies.
Please use Priority Code 16175 when registering.
Lorman Education Services began offering continuing education seminars in 1987.
Lorman Education is dedicated to providing cost-effective training opportunities that...
