Report

Controlling the Construction of Tenant Improvements in Office Leases - A Tenant’s Perspective

 
What drives the decision as to which party is to be responsible for the construction of the tenant improvements? Who will control the schedule, the cost, the quality of design, and the quality of construction? It all comes down to time and money, since the cost of the tenant improvements is paid for by the tenant, either directly, during the course of construction and immediately following completion, or indirectly, throughout the lease term, as a portion of the rent. This article will analyze the factors and strategies that should be weighed by the tenant and its representatives when negotiating whether the landlord or the tenant is to control the construction of the tenant improvements.

Faculty

Richard C. Mallory

Richard C. Mallory

Allen Matkins Leck Gamble Mallory & Natsis LLP