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South Manchester law firm, Slater Heelis Collier Littler is giving law firms on a national level a run for their money by launching a new legal product which could revolutionise the property industry.
Forward-thinking Ruth McCarthy, Partner and head of the firm’s newly formed sustainability team sees that “green” is the way forward and has identified that the humble lease can be used as a cost-effective “tool” to improve the energy efficiency and overall sustainability of our existing buildings no matter how good or bad their “green” credentials are.
Whilst green leases are a new concept in the UK, they are commonplace in Australia and are widely used in U.S.A and Canada as a result of the positive, environmental, social and economic benefits they provide. A green lease promotes agreement and co-operation between the landlord and tenant as to how the building is to be improved, managed and occupied in a more sustainable way. Green buildings and green leases are the future.
Ruth McCarthy quoted “Being green, especially in these times is not a luxury, it’s a business critical issue. “Green” has shed its expensive boutique image and has recast itself as a money-saver. Green buildings and buildings leased on green terms are becoming more and more popular with landlords and tenants who are seeking to cut energy costs or increase the value and marketability of their properties.
Businesses are becoming more aware of the economic advantages that “green” brings with it and that the “first movers” will reap the finest rewards. No-one wants to be left behind for fear of damage to brand and reputation, loss in value of property, inability to recruit staff…the list goes on”.
If you require further information or would like to understand how “green” terms can be included within your existing lease, please contact Ruth McCarthy.
T :0161 905 0482 E: ruth.mccarthy@shcl.uk.com
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