Renovation

Set Cap on Tenant's Refurbishment Allowance

November 24, 2010    

Some of your office building tenants that are only halfway through their lease terms may already be complaining that their space is looking shabby and the rent they'll be paying during the last few years of their leases will be higher than the outdated space will be worth at that point. For...

Limit Damages If Delays Restrict Tenant's Use of Premises

October 31, 2010    

If you must fill vacant space in your office building or shopping center while it's undergoing renovations, your new tenant might not have access to some of the amenities, equipment, or services that it expects to be able to use. Negotiate the lease to protect yourself from the tenant's...