Green Leases
Are green leases or green lease provisions mandatory or optional? If mandatory, to whom do they apply? If optional, is there significant take up?

Green leases and green lease provisions are neither mandatory nor commonly used in Hong Kong. However, we are seeing continued efforts from various players in promoting green lease/green lease provisions. For example, the HKGBC has launched a few green tenancy tools, and some large landlords and international tenants require certain environmental protection obligations (generally quite light at the moment) in their leases. In general, we have been seeing more take-up of green lease provisions in the market in recent years and expect the trend to continue or even accelerate in the future.