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 are not mandatory in Sweden. However, a number of operators in the real estate industry are starting to use green leases. There is an ambition to try to increase the use of green leases without public intervention. Private initiatives from the construction and leasing sector, which are supported by authorities, such as the standard agreement on green leases developed by the Swedish Property Federation, indicate that take-up is increasing.