Green Leasing Insight-Part 1_EN What does a managed service look like in the legal world?

Six ways technology can enhance legal services in the leasing industry BLG Beyond 3

Six ways technology can enhance legal services in the leasing industry BLG Beyond 2

Six ways technology can enhance legal services in the leasing industry BLG Beyond 1

Monitoring: Provisions may require mandatory data collection and reporting to track energy and water consumption and operations against the objectives. Sensitive information is managed by confidentiality and anonymous reporting.

Don’t forget governance: Outline your internal document approval processes and decide how to integrate your service provider into these processes. Determine your level of involvement in the ongoing management of the outsourced tasks. If you prefer a less active role, establish clear standing instructions for the external counsel.

Cost management: “Green” costs promote an overall goal of long-term reduction of costs with improved operations for all parties.

Clear energy objectives: Green leases establish clear measurable objectives. Parties set out their targets, benchmarks, sustainability and energy conservation provisions. These objectives may be based on achieving accreditation and certification such as LEED, Energy Star, BOMA, or Green Lease Leaders. They may be driven by the Landlord and be building specific, or by the Tenant in accordance with its corporate requirements.

Improved operations: Energy efficiency and indoor air quality: The goal of these leases is to improve and reduce energy usage. This can be accomplished by mandatory energy efficient lighting controls, prohibited use of space heaters, reduced light pollution with light directed downward, use of solar and other renewable energy, and enhanced ventilation and filtration systems for better air quality. Regulated waste production: Green leases may mandate the use of recycling and composting systems, provide incentives for tenants to reduce waste, require landlord to offer recycling and composting facilities, and require the monitoring and reporting of usage to ensure compliance. Sustainable equipment, materials and resources: Parties are typically required to use sustainable materials for construction projects, alterations, repairs and maintenance, and are prohibited from using noxious and toxic cleaning substances.

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