New Zealand
The New Zealand Ministry for the Environment is hoping to bring more structure to green building developments by introducing green leases1. This green lease requires an environmentally sustainable design schedule (ESD) which includes:
- ESD outcomes - measurable targets relating to environmental performance (including any assumptions made). These should be reviewed annually
- requirements to ensure that the fit-out is consistent with the principles of the building
- ESD outcome calculations allowing for factors (e.g. climate effects) which are beyond the control of the lessor and lessee
- Obligations of the lessor and lessee relating to the ESD outcomes
- A dispute resolution mechanism
- Sustainable Government Buildings: Beyond Design: http://www.mfe.govt.nz/publications/sus-dev/sustainable-government-buildings-jun07/html/index.html.
Latest News

CRIBE set to publish “Incorporating Environmental Best Practice into Commercial Tenant Lease Agreements – Part 3” [read more]

CRIBE set to publish “Incorporating Environmental Best Practice into Commercial Tenant Lease Agreements – Part 3” [read more]
Quotes
'making our building stock more sustainable, for example, through planned maintenance and refurbishment programmes, may not increase its residual value in the immediate future, but I am confident it will help retain it'
Jo Stocks:Watts Group
Jo Stocks:Watts Group



