Landlord or Tenant Build-Out, Which is Right for You?
When negotiating your commercial office lease, the Tenant Improvement Work Letter (TI) covers the design and construction work required to build and fit out the…
Leasehold Improvements
How To Obtain A Certificate of Occupancy
What is a Certificate of Occupancy? A Certificate of Occupancy (CO) indicates the following: 1. The building or suite meets current building code requirements. 2. The…
What Building Code Officials Will Not Tell You
Your design professionals (architects, engineers, interior designers (in certain states) refer frequently to building codes such as the International Building Code in their preparation of…
Project Managers Streamline the Relocation Process to Success
A business relocation is hugely complicated and highly stressful which can lead to extremely expensive mistakes being made by ill-informed managers and owners. Most owners…
Tips for Depreciating Tenant Leasehold Improvements, Construction and Renovation
What are Leasehold Improvements? Leasehold improvements (also referred to as “build-outs”) are structural changes or alterations to a leased space which are made by a tenant to…
Controlling the Construction of Tenant Improvements in Office Leases: A Tenant’s Perspective – Part 3 of 3
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…
Controlling the Construction of Tenant Improvements in Office Leases: A Tenant’s Perspective – Part 1 of 3
I. OVERVIEW The tenant work letter, is an agreement that is entered into concurrently with the execution of a lease and sets forth the terms…