Wednesday, March 4, 2009
|1:00pm - 2:30pm
Click here for the official seminar website and registration form. (Teleconference)
This seminar will explain the common provisions and potential legal pitfalls in leases requiring environmentally friendly compliance by landlords and tenants and recommend best practices for negotiating and crafting green leases.
Commercial tenants are increasingly demanding environmentally friendly rental space, forcing landlords to draft new leases and modify existing leases in a manner that incorporates green design and construction components while containing costs.
Green leasing is a new phenomenon that presents a number of unique challenges; however, little guidance exists on how to craft a green lease. Careful negotiation and drafting is critical to ensure that leases anticipate and address potential areas of dispute between a commercial landlord and tenant.
Listen as our authoritative panel explains the common provisions and potential legal pitfalls in leases with provisions requiring environmentally friendly compliance by landlords and tenants and recommends best practices for negotiating and crafting green leases.
I. What is a green lease?
II. Common provisions in green leases
A. Definition of “green”
B. Construction and design provisions
C. Allocation of costs provisions
D. Operation and maintenance provisions
III. Potential legal pitfalls in green leasing
A. Obligations of landlords and tenants
B. Remedies for default
IV. Best practices when crafting green leases
The panel will review these and other key questions:
– What laws and regulations currently govern a lease or building being defined as “green” or environmentally responsible?
– How can commercial landlords craft leases that responsibly incorporate green building and maintenance concepts while minimizing costs and expense?
– What are the key environmental responsibility provisions that should be considered when drafting real estate leases?
Following the speaker presentations, you’ll have an opportunity to get answers to your specific questions during the interactive Q&A.
Jacob Bart, Partner
Stroock & Stroock & Lavan LLP