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Retrofitting commercial buildings by adopting energy efficiency measures in tenant and common spaces can significantly lower a building’s energy consumption and utility bills. However, due to traditional leases that currently obligate landlords to provide energy even when it is not needed, commercial buildings are not as efficient as they could be. Performance-based leases introduce provisions […]

This article from the journal Environmental Law in New York discusses the value of high-performance leases, also called performance-based leases, for reducing carbon emissions in commercial buildings. Authors include Audi Banny, Jeff Gracer, Margaret Holden, Stuart Kaplan, and Stephanie Margolis. Reprinted from Environmental Law in New York with permission. Copyright 2021 Matthew Bender & Company,

As cities, counties, and states across the U.S. seek to reduce carbon emissions and associated energy use, an increasing number of jurisdictions are exploring building performance standards that set and enforce performance targets for buildings. These performance-based policies and laws will require changing how landlords and tenants interact with one another to drive better overall