As demand for climate action soars, more businesses and local governments are realizing that buildings are a huge contributor to carbon emissions, particularly in cities. Local governments are increasingly turning to building performance standards as a way to meet their climate commitments. However, traditional lease structures create a number of hurdles, such s misaligned incentives for landlords and tenants, to improve building operations to meet new performance requirements. The best solution is to replace inefficient traditional leases with high-performing, performance-based ones. IMT’s performance-based leasing toolkit helps both landlords and commercial tenants get started.