The Aatmay clause has now been published and marks a culmination of a real collaborative effort (Clare Harman Clarke, Miri Stickland, Rob Camm, Simone Potter, Tabitha Gould, myself and the entire [Chancery Lane] Project team).
Aatmay means long lived or long life in Sanskrit. It is particularly apt for what we are seeking to embrace and achieve with these clauses - sustainable and circular economy provisions in leases, agreements for leases and development agreements.
These clauses encourage (where possible) the re-use of materials or the use of recycled or reclaimed materials in the built environment. It also prompts us to consider the lifespan of a product/design/construction of a building when undertaking development projects. This will help to reduce the amount of waste going to landfill and reduce the reliance on natural resources.
This was truly an incredibly cathartic experience and enabled us to work collectively to combat climate change through what we as lawyers do daily i.e. drafting.
I will be co-facilitating a Real Estate Hackathon in April, details of which can be found here: https://lnkd.in/d_k8sMw.,