thoughts on the 5-year termination clause issue

Cara Mae Cirignano

Specialist, LEED Resource Development

US Green Building Council

LEEDuser Premium Member

77 thumbs up

July 27, 2010

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Tristan Roberts

Representative

Vermont House of Representatives

LEEDuser Expert

7780 thumbs up

Wed, 07/28/2010 - 02:54

Kathy, since the credit requirement calls for a "10-year commitment" I think I would ask whether the tenant is truly committed for 10 years. If they feel like the 10-year lease represents their commitment and the 5-year clause is more of a technicality, perhaps you could make a case for the credit—although I wouldn't count on earning it.

Philip Herriges

PM/PA

Neumann/Smith Architecture

LEEDuser Premium Member

98 thumbs up

Wed, 07/28/2010 - 12:13

Thanks to both Cara and Tristan for your thoughtful responses! At this time, we're not sure why the 5-year termination clause is being considered and under what conditions it would be exercised...that information will certainly direct how we might approach this credit, if at all, and/or whether we would pursue a formal CIR.