CD: Model Green Lease on CD
A year of work by a group of savvy, commercial real estate professionals has resulted in the Model Green Lease. This new lease document brings the green building movement to the economic center of commercial real estate – the lease agreement between the landlord and tenant.
“It’s time to rethink the traditional lease.”
-Ronald B. Grais, Jenner & Block LLP, & Member of Model Green Lease Task Force
The Model Green Lease was crafted by a task force of attorneys, real estate brokers, corporate tenants, landlords, and green building consultants from both sides of the negotiating table. Collectively, they have negotiated thousands of office building leases.
The task force chair is B. Alan Whitson, RPA, president of the Corporate Realty, Design & Management Institute. Whitson launched the Model Green Lease project, having grown frustrated by the industry’s lack of progress in overcoming the biggest financial obstacle to green buildings – the so-called “split-incentive.”
The task force started with a blank sheet of paper and a single goal: Create a lease document that encourages green office buildings, maximizes the return on investment for green buildings, and provides a healthy and productive workplace. It’s unbiased – written to balance the financial and operational needs of landlords, tenants, lenders and investors.
Besides covering IAQ, energy use, carbon credits, water consumption, recycling, green cleaning specifications, insurance, commissioning, operating costs, tenant improvements, and building regulations, the Model Green Lease includes a requirement for an annual Environmental Performance Report. It’s consistent with ASHRAE, Energy Star, Green Globes, and LEED. You can use it to lease any new or existing building, or complete a lease on an office building that for various reasons may not be seeking certification.
More about The Model Green Lease:
- Download the press release
- Read Alan Whitson’s preface
- View the list of Model Green Lease task force members
- Download a detailed marketing flyer
- Download OfficeInsight’s coverage of The Model Green Lease
What You Receive When Ordering Model Green Lease:
- Lease document in electronic file format
- Modifiable copy to use in your leasing transaction
- Reference Guide on how to use the Model Green Lease
Who Should Use Model Green Lease:
A&D Community-Architects, Designers, Engineers, Tenant Improvement Contractors
Transaction Community-Accountants, Attorneys, Commercial Real Estate Brokers, Appraisers, Lenders
Tenant Community-CFO, Corporate Real Estate Executives, Facilities Managers
Ownership Community-Developers, Office Building Owners, Real Estate Investors, Building/Property Managers, Asset Managers, Pension Fund Advisors
Product price is $99.95 + 9.95 shipping/handling