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CBA Real Estate Law Section May 6, 2010 Denver, Colorado Green Leasing: Essential Considerations For Sustainable Development Neil B. Oberfeld ISAACSON.

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Presentation on theme: "CBA Real Estate Law Section May 6, 2010 Denver, Colorado Green Leasing: Essential Considerations For Sustainable Development Neil B. Oberfeld ISAACSON."— Presentation transcript:

1 CBA Real Estate Law Section May 6, 2010 Denver, Colorado Green Leasing: Essential Considerations For Sustainable Development Neil B. Oberfeld ISAACSON ROSENBAUM P.C. Presenter:

2 Why do I need to think differently when drafting or negotiating a green lease? Why do I need to be a green attorney?

3 What is GREEN LEASING? increasing the awareness of the environmental impacts and benefits from sustainable and other green practices. A lease that specifies environmental standards, obligations and requirements for both landlord and tenant, for the purpose of: increasing energy efficiency decreasing the environmental impact of building operations emphasizing the use of recycled materials and sustainable practices achieving LEED certification (or other green) objectives of either landlord or tenant

4 Outline of Topics 1.Initial Construction, Build-Out and Landlord Work 2.Tenant Finish and Alterations 3.Building Management and Operation 4.Building Transportation Issues 5.Enforcement 6.Tax Credits 7.Solar Panels/Wind Turbines, etc.

5 Dependent upon type of LEED certification desired. New building construction or rehab of existing building? Landlord’s architect must comply with LEED certification standards. Use of recycled materials. Sustainable design. Lobby and other public spaces. Green roof/cool roof. Energy efficient glass. Energy efficient build-out. Natural light. Landlord to apply for and obtain/maintain the LEED certification. 1. Initial Construction, Build-Out and Landlord Work LEED: L eadership in E nergy and E nvironmental D esign

6 Tenant Finish. Require use of specific materials. Compliance with building’s LEED certification. Energy efficiency build-out. Energy efficient appliances. Natural light. Is Tenant Finish to be LEED certified? Subsequent tenant alterations. 2. Tenant Finish and Alterations

7 Landlord to separately meter energy and water for each tenant. Landlord to use environmentally friendly cleaning supplies. Reuse of gray water and storm water Establishing a building-wide recycling program Landlord to monitor, report and reduce energy consumption Landlord right to adjust service charge contributions between tenants to reflect the success of individual tenants. Landlord to ensure that all fundamental building elements and systems are installed and operated to maximum efficiency. Water efficient landscaping. Information, education and instruction regarding best practices – tenant new employee manuals. Landlord repairs and modifications 3. Building Management and Operation

8 4. Building Transportation Issues Public or private transportation. Bicycle facilities. Preferred parking programs.

9 Demand for compliance and/or performance. Default and general remedies. Cure and self-help rights. Injunctive relief and specific performance. Damages: actual and consequential. Penalties and liquidated damages. Termination. 5. Enforcement

10 Landlord’s property. CAM reduction. Tenant’s property. 6. Tax Credits

11 7. Solar Panels/Wind Turbines, etc. Landlord’s use for building services. Landlord’s use for profit unrelated to building operation. Tenant’s use for premises services. Tenant’s use for profit unrelated to building operations.

12 Thank you Neil B. Oberfeld ISAACSON ROSENBAUM P.C th Street Suite 1800 Denver, CO


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