Green Lease Toolkit: Working together to improve sustainability
The Better Buildings Partnership (BBP), the group of leading property owners brought together by the London Development Agency (LDA), including British Land, Canary Wharf, GE Real Estate, Hermes, Hammerson, Grosvenor, Land Securities, Legal & General Property, Quintain, TfL and Workspace Group, has published a comprehensive toolkit for green leases to enable owners and occupiers to work together to reduce the environmental impact of real estate.
- Date published
- April 2009
- Price
- £Free to download
- BBP Green Lease Toolkit.pdf [1675kb PDF]
By producing this green lease toolkit, they have developed a clear framework for a collaborative approach to help achieve that. With existing stock accounting for the vast majority of commercial property their hope is that this publication will reach a considerably wider audience than the membership of the Better Buildings Partnership (BBP).
The toolkit includes the following:
- Non-prescriptive Best Practice Recommendations by which, through a partnership approach, owners and occupiers can agree appropriate arrangements to best fitwith the circumstances of individual properties.
- A Model Memorandum of Understanding which can be used in full or in part and which parties can enter into at any stage of a lease.
- Model Form Green Lease Clauses which the BBP believes should be included in new and renewal leases as a minimum as best practice. The extent to which these clauses are used will depend on the parties’ ambitions and what is appropriate for individual circumstances.
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