Experts share top costly Tenant Improvement Work Letter Oversights
A tenant (who didn’t use a project manager) once told me of an argument with his landlord shortly after move-in to his newly constructed office….
Work Letter
When Real Estate Brokers Poo Poo Project Management, Find a New Broker
Tenant Rep Brokers, like Project Managers/Owner’s Reps, position themselves as client advocates who only represent the tenant/end-user during the real estate acquisition process. They cast…
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…
Negotiating the Tenant Improvement Allowance
by Coy Davidson, Contributing Columnist Get as much as you can, and maintain control of the build-out process A key component of any lease…
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…
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…