Tenant Improvements vs. Landlord’s Work Letter
What happens when the Tenant Improvement (TI) allowance is not enough to cover the cost of the landlord’s turnkey construction? Tenants often find themselves paying…
Tenant Improvements
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 2 of 3
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…
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…