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In the Spotlight: Buildout Provisions in Office Leases

By Anthony Casareale
October 29, 2013

A critical consideration in a tenant's office leasing decision is the aesthetic and functionality of its potential new space. For the landlord, getting from a signed lease to a tenant-in-possession paying rent is a critical transition. The signed lease should provide both parties with a clear roadmap to achieving a mutually acceptable result: a rent-paying tenant in possession of space built to its full expectation in an expeditious manner and at a cost to both landlord and tenant contemplated at the lease signing.'There are several matters to be addressed in preparing this roadmap.'

Who is responsible for the work necessary to prepare the premises for the tenant to move in and conduct its business?

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