Thursday, March 4, 2010
|1:00pm - 2:30pm
Click here for the official teleconference website and registration form.
Green Leases: Evolving Legal Issues for Commercial Landlords and Tenants
Negotiating and Crafting Environmentally Friendly Lease Terms
This CLE seminar will examine common provisions and potential legal risks for landlords and tenants in leases with provisions requiring environmentally friendly compliance. The panel will offer best practices for negotiating and crafting green commercial leases.
Commercial tenants are increasingly demanding rental space with environmental features, forcing landlords to draft new leases and modify existing leases to incorporate green design and construction components.
Green leasing is a relatively new phenomenon and presents a number of unique challenges. However, little guidance exists on crafting green leases. Careful negotiation and drafting is critical to ensure leases anticipate and address potential areas of dispute between a commercial landlord and tenant.
Listen as our authoritative panel of real estate attorneys explains the common provisions and potential legal pitfalls for landlords and tenants in leases with provisions focused on environmental features. The panel will outline best practices for negotiating and crafting green leases for commercial property.
I. What is a green lease?
II. New construction versus existing buildings
III. Common provisions in green leases
A. Definition of “green”
B. Construction and design provisions
C. Allocation of costs provisions
D. Operation and maintenance provisions
IV. Potential legal pitfalls in green leasing
A. Obligations of landlords and tenants
B. Remedies for default
V. Best practices when crafting green leases
The panel will review these and other key questions:
• What is the impact of local governments’ continuing efforts to mandate energy efficiency in buildings on green leasing trends?
• 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, expense and legal risks?
• What are the key environmental responsibility provisions that should be considered when developing real estate leasing agreements?
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