The space may look right before anyone has tested what it will take to occupy it. A lease date, work letter, allowance, or landlord obligation can set the project’s cost and schedule before design begins.
These articles examine real estate decisions from the owner’s and tenant’s side: site selection, lease terms, responsibility for work, relocation planning, and the commitments that carry into construction and operation.
Direct metering, submetering and rent inclusion can look like utility details. They can materially affect lease economics and operating costs. Originally published September 2011. Updated
Continued from Part 1 and Part 2 V. OTHER CONSIDERATIONS in a tenant build work letter In a tenant-controlled construction project, it is critical that
Continued from Part 1 III. FUNDAMENTAL CONSIDERATIONS A. Landlord’s Motives Typically, both the tenant and the landlord will seek to control the expenditure of the tenant
I. OVERVIEWThe tenant work letter, is an agreement that is entered into concurrently with the execution of a lease and sets forth the terms upon
The rent may get most of the attention. The provisions governing operating costs, construction, capital obligations, restoration and future flexibility can determine what the deal
The equipment may be sitting in your office. That doesn’t necessarily mean your mover is allowed to move it. Office relocations involve more than packing
Your business attorney may know your company well. Make sure the attorney reviewing your office lease knows commercial leasing just as well. Would you hire
The decisions made before a lease is signed can affect cost, schedule and operations long after the search is over. We all make mistakes. When
The lease may work. The economics may work. That doesn’t mean the space will. A commercial real estate broker and a project manager bring different
Start with the required move-in date and work backward. Originally published August 2011. Updated October 2026 to reflect current owner-side office relocation planning. Selecting a
The shelving fit on the plan. The ceiling height changed how much of it could actually be used. When performing a test fit for a
