Abstract
The current rise in the sustainability agenda among both corporate occupiers and institutional investors has given rise to discussion about the landlord and tenant relationship. Within Australia this has resulted in tenant-led moves towards ‘green leases’, and in Canada too the green lease has gained momentum. Within the United Kingdom, however, there has been little evidence of widespread adoption of green leases. This article reviews the case for green leases in the light of research conducted for the Investment Property Forum. It reports on the result of interviews conducted with a range of occupiers and concludes that, currently, the market is not ready for the introduction of green leases; instead it advocates that a more dynamic relationship between landlord and tenant is required.
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