Big Landlords, Tenants Waking Up To Green Leases

By Jesse Greenspan

Law360, New York (February 17, 2010, 1:46 PM ET) -- Landlords have traditionally been reluctant to perform energy-efficiency retrofits on buildings because most of the cost savings go to tenants, but environmental advocates and lawyers are finding ways to resolve this so-called split incentive through the green leasing movement.

The term “green lease” typically refers to contracts that incorporate measures for increasing energy efficiency in buildings, but they can go beyond that to include everything from air quality to water use, according to experts.

“Two years ago you'd say, 'green leasing,' and people would say, 'What's...
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