New Recognition Program for Commercial Landords, Brokers and Tenants Sets New Standard for Green Leasing
The deadline is fast approaching to qualify for the new Green Lease Leader industry designation.
Created to recognize companies and brokerage teams that successfully implement green lease language into new or existing leases, the deadline to apply is Tuesday, April 8, 2014.
The initial group of Green Lease Leader recognized firms and brokers will be announced at the U.S. Dept. of Energy's Better Buildings Summit
in Washington D.C. on May 7, 2014.
What is the Green Lease Leaders Program?
Similar to how LEED and ENERGY STAR certifications set the standard for environmental performance in commercial buildings, Green Lease Leaders
seeks to promote standard and uniform clauses and language that can be used in new or existing leases to save energy in buildings.
The program was developed by the Institute for Market Transformation (IMT) and the U.S. Energy Department’s Better Buildings Alliance with support from industry leaders By providing building owners and tenants with clear, easily identifiable standards, the Green Lease Leaders program hopes to advance sustainable lease agreements between tenants and landlords.
"These requirements set a new standard for commercial leasing by providing a uniform definition for what characterizes a green lease, and each of the requirements aids in making a lease more equitable between landlord and tenant so that they share both the costs and benefits of improved energy performance," said Cliff Majersik, IMT's executive director.
Bridging the Knowledge Gap
Many leading firms across the real estate industry have established internal sustainability goals and implemented changes to their leasing practices by incorporating lease language intended to reduce electricity and water consumption, improve tenant comfort, and allow the landlord and tenant to better control operating expenses while minimizing waste.
Yet for many others, it can be difficult to agree on appropriate lease language addressing energy use and sustainability issues. Green Lease Leaders hopes to address this knowledge gap by creating an industry-approved definition of a green lease program, and also by recognizing landlords, tenants, and brokers nationally who are successfully meeting that standard.
The Green Lease Leader designation
recognizes companies and brokerage teams that successfully implement green lease language into new or existing leases as defined in the application form by Green Lease Library collaborators and an industry advisory group. Recognition as a Green Lease Leader will bolster the sustainability 'bona fides' of selected organizations. Winners will be featured in presentations at industry meetings, have their organization’s logo displayed on a recognition page on the Green Lease Library and receive the Green Lease Leader seal image for display within their buildings and on their own and industry websites.
How To Apply
More information on the program, including an online application, can be found at www.greenleaseleaders.com.
The 2014 application cycle will run from January 15th to April 8th. The initial group of recognized firms and brokers will be announced at DOE's Better Buildings Summit in Washington D.C. on May 7, 2014.