Joining Landlords and Tenants for Energy Savings
Commercial leasing options that share incentives for both the landlord and the tenant are growing in interest. These shared incentives divide the savings with the landlord, and those savings are then used to pay for the new equipment or structural upgrades.
A landlord/tenant agreement template can be found by clicking here. The document is a suggested template that may be modified in form and content to meet a specific need.
- Landlord funds the cost of improvements
- Tenant accepts a rent increase in the amount of some percentage of the projected annual savings
- Tenant saves money on bills, the savings exceed rent increase
- Landlord, who paid for the improvements, upgrades, or property, brings in extra income to help cover the cost