Virtually every retail lease contains what is commonly referred to as the “Construction Exhibit.” Certain retail leases divide the Construction Exhibit into several smaller exhibits that address different portions of the tenant's construction work, including plan submittal, application for permits, insurance, lien waivers, signage, security and construction deposits.
Construction Chargebacks: The Hidden Costs
Virtually every retail lease contains what is commonly referred to as the "Construction Exhibit." This article addresses the manner in which retail leases attempt to assess construction chargebacks, and discusses how a tenant should address them in its comments to the landlord's draft of a retail lease.
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