“It’s All About the Work” In Office Leasing (Part I)

The tenant-build out provisions can be the most important and controversial aspects of an office lease. Yet these terms are often only referred to generally in letters of intent. Rarely will a term sheet go into more detail than the work allowance amount and the commencement date. The lawyers are left...

“It’s All About the Work” In Office Leasing (Part II)

In my last blog (April 1, 2014) , I pointed out that tenant build-out provisions in office leases can be quite thorny. Admonitions to counsel to “Keep it simple” while “cover all the bases” are difficult to reconcile. Certain issues invariably arise, and minimizing them should...

“It’s All About The Work” In Office Leasing (Part III)

My last blog on this subject (April 2, 2014) covered the situation where the Landlord performs the work up to “certain cost”. Another scenario, somewhat less prevalent in office leasing, is where the tenant performs its own work. In this situation, Landlord provides a work allowance (e...