Real Estate Green Lease Agreements
Real Estate Green Lease Agreements
1. Introduction
This Green Lease Agreement (“Agreement”) is made and entered into on this [Day] day of [Month, Year], by and between [Your Company Name], a company duly organized and existing under the laws of [Jurisdiction], having its principal place of business at [Your Company Address], hereinafter referred to as the “Landlord”, and [Tenant’s Name], an individual/legal entity duly organized and existing under the laws of [Jurisdiction], having its principal place of business at [Address], hereinafter referred to as the “Tenant”.
2. Purpose of Agreement
2.1 Purpose: This Agreement establishes the terms and conditions governing the lease and occupancy of the premises located at [Property Address] (“Premises”) by the Tenant. It is designed to promote environmental stewardship and sustainability in real estate operations and outlines the responsibilities of both parties in achieving these objectives.
3. Lease Term
3.1 Commencement and Duration: The lease term shall commence on [Start Date] and continue for a period of [Number of Years] years, terminating on [End Date], unless earlier terminated in accordance with the provisions herein.
3.2 Renewal: Upon expiration, the parties may mutually agree to renew this Agreement for successive terms, subject to negotiation of revised terms and conditions.
4. Premises
4.1 Description: The Premises shall be located at [Property Address] and shall include [Description of Premises]. The Landlord represents that the Premises have been constructed and maintained using sustainable materials and practices, conforming to applicable environmental standards.
5. Rent
5.1 Base Rent: The Tenant shall pay to the Landlord a base rent of [Amount] per [Month/Year], payable in advance on the [Day] day of each calendar month.
5.2 Rent Increases: The base rent may be subject to annual adjustments based on [Consumer Price Index/Percentage Increase], not to exceed [Maximum Percentage] annually.
5.3 Utilities and Operating Expenses: In addition to base rent, the Tenant shall be responsible for all utilities and operating expenses associated with the Premises, including but not limited to water, electricity, gas, and waste disposal.
6. Sustainable Practices
6.1 Compliance: The Tenant shall comply with all applicable environmental laws, regulations, and guidelines concerning the use, operation, and maintenance of the Premises.
6.2 Energy Efficiency: The Tenant agrees to implement energy-efficient practices and technologies to minimize energy consumption and reduce environmental impact.
6.3 Waste Management: The Tenant shall implement waste reduction and recycling programs to minimize the generation of waste and promote recycling and reuse of materials.
6.4 Indoor Air Quality: The Tenant shall maintain indoor air quality by using low-VOC (Volatile Organic Compound) materials and ensuring proper ventilation systems.
7. Maintenance and Repairs
7.1 Tenant’s Responsibilities: The Tenant shall maintain the Premises in good condition and promptly report any maintenance issues or repairs needed to the Landlord.
7.2 Landlord’s Responsibilities: The Landlord shall be responsible for major structural repairs and maintenance of building systems, including but not limited to HVAC, plumbing, and electrical systems.
8. Termination
8.1 Default: Either party may terminate this Agreement upon written notice to the other party in the event of a material breach of any provision herein, subject to the cure period specified in Section 8.2.
8.2 Cure Period: The defaulting party shall have [Number of Days] days from receipt of written notice to cure the breach, failing which the non-defaulting party may terminate this Agreement.
9. Dispute Resolution
9.1 Negotiation: Any dispute arising out of or relating to this Agreement shall be first resolved through good faith negotiations between the parties.
9.2 Mediation/Arbitration: If the dispute cannot be resolved through negotiations, the parties agree to submit the dispute to mediation/arbitration in accordance with the laws of [Jurisdiction].
10. Miscellaneous
10.1 Entire Agreement: This Agreement constitutes the entire understanding and agreement between the parties concerning the subject matter herein and supersedes all prior agreements and understandings, whether oral or written.
10.2 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
10.3 Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
In Witness Whereof, the parties hereto have executed this Agreement as of the date first above written.
[Your Real Estate Company Name]
By:
Name: [Your Name]
Title: [Your Title]
[Tenant’s Name]
By: 
Name: [Tenant’s Name]
Title: [Tenant’s Title]
