Green Lease Toolkit
These guidelines are non-prescriptive, helping owners and occupiers to agree carbon, energy, waste and water reduction strategies which best fit with the circumstances of individual properties. With this toolkit it is possible for any owner or occupier to positively engage in developing practical ways to effect significant change, with the hope to accelerate the process of making London’s existing commercial properties more sustainable.
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 fit with 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.
BBP members are currently trialling the implementation of the toolkit with their occupiers and we encourage the market to do the same.
A comprehensive toolkit for green leases to enable owners and occupiers to work together to reduce the environmental impact of their commercial properties.
A roundtable discussion on the BBP Green Lease Toolkit one year after its launch conducted by Estates Gazette with members of the BBP Green Leases Working Group. Copyright: 2010 Estates Gazette. Reproduced with its kind permission.