by Rebecca Walker — May 2, 2011—Building tenants, and what goes on in tenant space, are critical to the ongoing management and continual improvement of any building. BOMA International gathered a team of expertsmembers with experience in executing leases and a proven track record for sustainabilityto “green” The Guide to Writing a Commercial Real Estate Lease, by Steven A. Teitelbaum, Jones Day, first published in 2005.
The team walked through the lease clause by clause, looking for opportunities to change language long accepted as common practice. This update to BOMA’s best-selling Green Lease Guide includes more “green” clauses reflecting the evolution of the market over the past several years as well as updates to the “non-green” clauses, according to the organization. This definitive guide helps property professionals execute a lease that addresses building operations and performance to maintain an energy efficient and high performance property.
Three documents are presented:
- A model form prime Lease Agreement, oriented towards office use but with annotations addressing retail and mixed-use concepts as well,
- A model form Sublease, and
- A model form Guaranty of Lease.
The documents have been written to stand alone but can easily be used in any combination or as a complete set of three if necessary. Hundreds of easy-to-read footnotes provide answers and suggestions to the toughest lease topics, says BOMA International.
For more information or to order, visit the BOMA International Web site.
