Green Leases - Drafting Mechanisms & Direction of Travel for Real Estate Professionals

Introduction

The socio-economic drivers behind responsible capitalism are greater than they have ever been. Against a backdrop of Government-mandated net zero emissions targets, the appetite of private firms to adopt and deliver standards in Environmental, Social and Governance (ESG) go to the heart of their public profile and integrity.

Navigating ESG expectations is complex, the result of interplay between government rules, market expectation and client ambition.

For the most part however, it has been left to the market to devise a new generation of green lease drafting and clients are increasingly keen to understand how their leases can help them meet ESG targets and drive real change.

This virtual classroom seminar will help you advise on the more common drafting mechanisms and understand this important direction of travel in its regulatory and social context.

What You Will Learn

This live and interactive session will cover the following:

• It’s not easy being green - the history of green leases
• Recent drivers behind a greater take-up of green lease principles
• The existing regulatory backdrop for commercial property in England and Wales (e.g., the current/future application of Minimum Energy Efficiency Standards (MEES) and ESG disclosure standards)
• The broader benefits of green lease adoption for landlords and tenants
• Available tools to help with drafting green lease clauses - e.g., BBP Green Lease Toolkit, TCLP, MCL and others
• How green is green? Assessing the different drafting options
• Where to focus drafting attention - for example on EPC control, landlord and tenant co-operation, data sharing, performance targets, the role of service charges, necessary landlord reservations, and controls on alterations and alienation
• Q&A

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.