The upcoming Law Commission consultation on the Landlord and Tenant Act 1954 could present an opportunity to align commercial property law with environmental sustainability goals. As the UK Government has committed to bring all greenhouse gas emissions to net-zero by 2050, and investors' focus on assets' green credentials increases, the property sector is increasingly adopting "green leases" to reduce environmental impact. However, the current Act's renewal framework, which defaults to the existing lease terms, often hinders the inclusion of new green provisions.
In a new piece for EG, Property Litigation Managing Associate Isabel Emerson-Lich and Camilla Chorfi of Falcon Chambers, look at how the Act could be reformed to become a vehicle for environmental change.
Read the full article (subscription required).