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Leading European legal and tax services provider CMS discloses first standard green lease clauses applicable across Europe at the MIPIM international real estate trade fair in Cannes. The 20 clauses, which are accessible as a CMS e-guide, will simplify the deployment of green leases across one or more European countries. "The real estate sector sees the benefit of green leases. However, faced with complex local legislations, it struggles to achieve a consistent implementation," says Dirk Rodewoldt, partner at CMS Germany.
“The situation in Europe is fundamentally still as it was in September 2011. Green leases are on the increase and the trend is for standard convergence.” In order to produce the standard green lease clauses, CMS reviewed the contractual practice, then...
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