Your Broker Found the Space. Who Is Leading the Project?
The broker may lead the real estate transaction. That doesn’t automatically make the broker responsible for determining whether the space works—or for delivering what happens…
Work Letter
Tenant Improvements vs. Landlord’s Work Letter
The tenant improvement allowance tells you how much money may be available. The work letter tells you what actually gets built, by whom, and under…
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?
Who manages the build-out determines more than who hires the contractor. It affects control, responsibility, risk, schedule and the decisions the tenant will have 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 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. OVERVIEWThe tenant work letter, is an agreement that is entered into concurrently with the execution of a lease and sets forth the terms upon…