Join the Environment & Energy and the Real Property section for a joint presentation on Maryland’s new greenhouse gas emission laws.
Stuart Kaplow, Esq.
Stuart D. Kaplow, P.A.
Leases need to be amended today to respond to new greenhouse gas emission laws. Most commercial leases and many residential leases in Maryland need to be revised now (.. okay this is something that should have already happened) to respond to new Maryland law, including the Climate Solutions Now Act of 2022 (SB 528 of 2022) that creates mandatory statewide Building Energy Performance Standards, something that the State had never regulated before.
For example, owners of buildings 35,0000 square feet or larger must begin tracking greenhouse gas emission data on January 1, 2024, which must be reported to the State before January 1, 2025, and annually thereafter.
However, landlords will need tenant participation to obtain the information (electricity, gas, and water use, number of employees, number of computer screens, etc.) required to do the calculations for this statutory government reporting. Moreover, before January 1, 2030 building owners must reduce greenhouse gas emissions by 20% or more and the building must be net zero by January 1, 2040.
Beyond those already in effect statutes, there are proposed regulations that require specified disclosures and transfer of data in Maryland real estate contracts of sale. This and much more present huge opportunities for attorneys advising clients that own or occupy real estate. And this program will include examples of lease text and contract of sale language.
$0 Environment & Energy and Real Property Section Members (price will be reflected in your cart)
$5 Non-Section Members
$10 Non-MSBA Members