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BEAM P
LUS
I
NTERIORS
C
OMMERCIAL
, R
ETAIL
A
ND
I
NSTITUTIONAL
G
REEN
B
UILDING
A
TTRIBUTES
(GBA)
GBA 2 L
ONG
-
TERM
L
EASE
Copyright © BEAM Society Limited. All rights reserved. Page 37
GBA 2 L
ONG
-
TERM
L
EASE
E
XCLUSION
None.
O
BJECTIVE
Conserve the natural resources, reduce the waste and associated
environmental impacts by remaining in the same location.
C
REDIT ATTAINABLE
Up to 3 credits
C
REDIT REQUIREMENT
2 credits where the fixed lease period was at least 4 years.
3 credits where the fixed lease period was at least 6 years.
A
SSESSMENT
Criteria
The Applicant shall provide a certified true copy of the lease
agreement for the prescribed duration.
Note: Lease period shall mean the fixed term period of the lease. For
example, a 2+2 lease, with a two (2) year fixed period, and a two (2)
year optional does NOT fulfil the requirement.
Documentation
Credits shall be achieved when the Applicant provides the
documentation stated below, to demonstrate compliance:
i.
The certified true copy of the lease agreement for the
prescribed duration;
ii.
Where the Applicant is also the building owner, the landlord
or a related company [
1], a letter signed by a director from the
building owner shall be submitted clearly stating the
occupation commitment for the prescribed duration.
B
ACKGROUND
A long-term lease can minimise the frequency of relocation and
associated demolition, and renovation activities. It helps reduce the
waste generated, energy consumption during transportation, saves
the virgin resources, and will minimise the disturbance to adjacent
occupants and building users.
Another benefit for longer occupancy periods is that the occupant has
a greater incentive to make longer-payback upgrades for energy and
water upgrading works. Longer leasing periods also help tenants
reduce moving expenses over time, reduce construction expenses for
fitting-out new spaces, prevents the disruption of employee
productivity that is often associated with relocation, and shelter the
occupant from rent increases and inflation.
1
In this context "Related Company" shall mean any individual, organisation, firm or company where the Applicant has
beneficial control, or holds more than 10% of its shares.