Credit: Blue Planet Studio/Shutterstock.com Drafting for Local Law 97: Aligning Landlord & Tenant Interests Through 'Green' Commercial Lease Provisions
In 2019, New York City enacted Local Law 97 aimed at combatting the threat of climate change. This article looks at how implementation of the law effects New York City commercial buildings including changes in the way buildings are constructed, operated, and leased.
July 03, 2023 at 10:00 AM
12 minute read
Real Estate
In 2019, New York City enacted Local Law 97 (LL97) as part of a suite of legislation aimed at combatting the threat of climate change. Given that New York City's building stock is responsible for upwards of two-thirds of citywide greenhouse gas (GHG) emissions, LL97 specifically targets emissions emanating from the city's largest buildings.
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