A Leaf Through Key Considerations Relating To Green Leases In Ireland

Green leases are not a new concept, however, there is increased focus on such leases in the Irish real estate sector recently due to environmental concerns, a collective responsibility (and indeed desire) to become more energy and environmentally efficient as well as increased scrutiny on environmental, social and governance ("ESG") requirements.

Broadly, a green lease is a standard form commercial lease that contains additional provisions relating to the improvement and management of the sustainability and environmental performance of a premises. The exact provisions will vary from lease to lease, however, at a minimum matters such as waste and water management, the use of sustainable materials and provisions relating to the environmental performance of the premises are usually covered by a green lease.