Green terms launched for landlords and tenants to facilitate environmentally sustainable buildings in New Zealand

Bell Gully property department leader Jane Holland and senior associate Jeff Walters, have brought together a working group consisting of both landlords and tenants to contribute to a programme of lease terms, which will provide the basis for environmentally sustainable buildings in New Zealand.

The Green Lease Schedule was unveiled by Holland and Walters at the CoreNet Global Symposium in Auckland last month and launched at Bell Gully's Auckland offices on the 10th August. The Lease Schedule has been designed to provide guidance on how landlords and tenants can go about making their buildings more environmentally sustainable, as well as setting out the basic legal scheme to ensure green outcomes.

Internationally, landlords and tenants are being required by policy, legislation and regulations to reduce carbon emissions and improve environmental performance. While the New Zealand market is familiar with requiring green principles to be reflected at the design and build phase of a development, there has been very little provision in the past for green principles to be reflected in lease documents. The Lease Schedule illustrates a fair balance between the tenant's and landlord's interests and it is hoped the plan will assist in overcoming the current disconnection felt between design and build personnel and building managers to operate buildings in an environmentally sustainable manner.

Click here to register to receive a copy of the Green Lease Schedule.