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Commercial Lease Terms T to Z

Disclosure: Content is general information only. Information is not provided as advice for a specific matter, nor does its publication create any relationship between the writer and the reader. Neither this website nor Forrest Blake is qualified, licensed or soliciting  to give commercial real estate broker, commercial real estate agent, Los Angeles tenant broker, commercial office space, legal or accounting advice on any subject. Please consult with your real estate broker, attorney or accountant regarding any of the concepts written on this website. This website, Forrest Blake or any of his affiliated companies will not be liable for any actions you take as a result of reading anything contained within.

Tenant Improvements: Improvements made as a part of a lease for the benefit of the tenant.

Tenant Improvement Allowance: This is the specific amount allocated by the landlord for the tenant to build-out their space. Any amount over this allowance will be paid by the tenant.

Tenant Representation Agreement: An exclusive agreement between the tenant and a real estate broker giving the broker the authorization assist them in leasing space or acquiring a building.

Triple Net Rent: The only difference between owning the building is that your name is not on the title. Tenant is to pay its proportionate share of all expenses to operate the building.

Turn Key Project: The landlord is solely responsible to build-out the tenants space. This will usually require detailed plans from the tenant and preliminary estimates from a contractor.

Usable Square Footage: Established by measuring the tenants space occupied between the demising walls.

Workletter: The landlord provides a list of building standard items that the landlord will contribute as part of the tenant improvements.

Working Drawings: A set of architectural drawings that tell the contractor specifically what to build within the tenant’s space

Disclosure: Content is general information only. Information is not provided as advice for a specific matter, nor does its publication on this website create any relationship between the writer and the reader. Neither this website nor Forrest Blake is giving commercial real estate advise or soliciting if you are currently represented by another commercial real estate broker, or legal or accounting advice on any subject. Please consult with your real estate broker, attorney or accountant regarding any of the concepts written on this website. This website, Forrest Blake or any of his affiliated companies will not be liable for any actions you take as a result of reading anything contained within.

Copyright 2013 – Forrest Blake

Please contact me if you would like to use any tenant representation or expert commercial real estate information contained on the site. I promise to get  back to you within 24 hours if we don’t connect right away.

Forrest Blake
CA Real Estate License # 01054174
310-850-2381
fblake1000@gmail.com

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