Who Should Call In
Attorneys, brokers, developers, building owners, tenants and leaseholders, property managers, and others involved in real estate leasing.
Why You Should Call In
What is green due diligence, and why would a prospective buyer, tenant, or lender bother with it?
Many organizations, such as federal agencies, national tenants, lenders, and investors, now have green requirements for new leases, loans, and purchases. They have made the policy judgment that they want the buildings that they lease, acquire, or finance to be green. Hence, before leasing, buying, or lending, they conduct due diligence to verify the "greenness" of a property.
Many other investors, tenants, and lenders do not care whether a building is green--they are concerned with property value. These parties must also, however, pay attention to green issues, which are having an increasing impact on property transactions. There are now many green legal and contractual requirements, and also green financial benefits, associated with a particular property or development project. Failure to comply with these green requirements or the conditions for financial benefits can result in real money loss.
In this 90-minute TeleBriefing, our distinguished panel will provide an in-depth introduction to Green Due Diligence: what it is, why it is necessary, and how it differs from typical due diligence. The program is a must both for attorneys new to green law and for experienced practitioners who wish to stay current.
What You Will Learn
- What green due diligence is and how it can vary with the type of property and stage of development
- Why green due diligence is necessary
- Different categories of green due diligence
- How green value can be lost
- Types of laws, regulations, and contract provisions in which green requirements appear
- "Benchmarking" and the trend toward uniform metrics
- Considerations for major tenants
- Green due diligence for new developments (e.g., for architect and construction contracts)
- Green due diligence and types of contract provisions for purchase/sale agreements and mortgage financing
- What lies ahead: future trends in green due diligence
For information and registration, please click here.