Green leases also known as aligned, high performance, or energy efficient leases align the financial and energy incentives of building owners and tenants, so they can work together to save money, conserve resources, and ensure the efficient operation of buildings. A green lease is a lease of space in a green building that is designed, constructed and operated to achieve sustainability, water efficiency, energy savings and indoor environment quality.
Building Leases spell out how energy costs are divided between tenants and owners. Often, these leases are not structured in a way that promotes energy savings. Tenants have no incentive to save energy in their leased premises because energy costs are based on tenant square footage. Building owners have no incentive to invest in energy efficiency because the operating expenses are passed onto tenants.
Green Leases promote energy efficiency by creating lease structures which equitably align the costs and benefits of efficiency investments between building owners and tenants.
A Landlord Tenant Energy Partnership
The Landlord Tenant Energy Partnership is led by the Institute for Market Transformation with the Retails Industry Leaders Association and the International Council of Shopping Centers. Participants have access to guidance in implementing energy efficiency steps, lease negotiations and property operations.
An Energy Savings Checklist replace inefficient incandescent bulbs with CFL bulbs; install and correctly set a programmable thermostat; switch out your shower head for an efficient WaterSense model; use a power strip for electronics and appliances; set the refrigerator to 36°F – 40°F and the freezer to 0°F – 5°F. use shades and insulated drapes to block out the sun in the summer and reduce heat loss in winter.
Energy Management nearly all renters pay their own energy bills but have little say over the efficiency and quality of the appliances and windows in their home.
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