Green Fee Sample Clauses

Green Fee. In addition to Rent, on or before the start of the Lease term, Resident must pay a one (1) -time non-refundable Green Fee of $100.00 upon the execution of this Lease. The Owner’s apartment community has been designated with Leadership in Energy and Environmental Design (“LEED”) certificate by the U.S Green Building Council. LEED certification provides independent verification of a building’s green features. More specifically, LEED certificates are given to properties which are resource-efficient, high-performing, healthy, and cost-effective. This Green Fee helps to offset and reimburse Owner for costs and expenses related to the increased burden on Owner to achieve and maintain LEED certification. These costs and expenses include, but are not limited to, increased design, maintenance, construction, operation, and implementation costs as well as costs related to preparing necessary paperwork, setting up a file for Resident, and other costs. Should Resident renew Resident’s Lease at the expiration of the Term, Resident will be required pay another Green Fee as defined in a future Lease or Lease Renewal. Owner will use its best efforts to maintain its LEED certification, but Owner does not guaranty the LEED Certification for the term of the Lease. There will be no offset or credit provided to tenant should this LEED Certification change after collection of the Green Fee. Resident agrees that this Green Fee is reasonable.