Environmental considerations are something we are all increasingly aware of and the real estate industry is seen as a key contributor to CO2 emissions. The industry is responsible for consumption of around 40% of the world's energy, renewable or otherwise, and 30% of global annual greenhouse gas (GHG) emissions are due to construction. Green Leases are seen as one way of combatting the effect property development has on climate change. 

What is a dilapidation? 

This is the process a landlord needs to follow to recover any loss that has occurred as a result of the tenant failing, at the end of the lease, to return the property having reinstated any items of disrepair or damage according to the repairing standard. It is basically an exit cost for the tenant and relates to restoring the property back to its original state. Dilapidations relate to commercial properties. 

As part of their commitment to ‘levelling up’, in June 2022, the government published a white paper titled ‘A Fairer Private Rented Sector’, outlining plans for a Renters Reform Bill. This legislation, which was first announced by Theresa May as early as April 2019, is due to be introduced in the current parliamentary session and, if passed, will bring with it major changes for tenants and landlords. In fact, in its current form, the Renters Reform Bill seeks to fundamentally redress the power balance between landlords and tenants.