Establishing Green Initiatives Early
Once a short list of sites has been established, it is customary for a tenant to issue a Request for Proposal (RFP) through its broker representative. The RFP is used for soliciting, evaluating, and selecting proposals from landlords, and defines the tenant’s basic requirements such as the definition of the premises, lease term, expansion and renewal options, rental rate, and tenant improvements. The Green RFP includes a tenant’s requirements relating to its green practices and how these will be structured into the lease document. The green RFP can also be used by tenants wish to address landlords during their lease term. A RFP can be a good discussion starter in regards to communicating to the landlord in regards to what the tenant’s specific criteria will be for the space.