Green Renting Revolution
(Page 2 of 2)
January-February 2009
by Kari Volkmann-Carlsen
The lease, profiled in Conscious Choice (Sept. 2008), is a document (signed in addition to the regular lease) designed to provide incentives to both the profit-minded proprietor and the eco-minded renter. After an energy audit, landlords agree to make green renovations, such as upgrading to energy-efficient heating and cooling systems. In return, tenants agree to pay a fixed monthly energy charge in place of their utility bills to offset the costs of installing improvements.
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Still in the draft stages, the green lease has some hurdles to clear. The key one will be effectively addressing the split incentive to ensure that all parties benefit equitably. Then there’s human nature. Shared costs understandably trigger mistrust. “Tenants need to know that their landlords will actually make the improvements they promise,” Panek says. She’s confident the lease will take off once people can see successful examples—and groups of tenants who have already mobilized around green issues will be prime candidates.
To support those forward-thinking landlords who already have gone green, renters in transition can find their next homes by searching Green Renter.com. The innovative property listing service, highlighted in Sustainable Industries (Nov. 2008), allows apartment hunters to browse for homes with green attributes. Though the new website is still heavy on Portland-area housing, GreenRenter plans to branch out nationwide and is already targeting Boston, Chicago, and New York.
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