Many restaurant, professional office, or other specialty commercial leases will require significant tenant improvements. In addition to the financial terms, who will be responsible for the project? Which party will hire contractors? When will the contractors be paid and by which party?
If both parties are doing work, how will they and their contractors coordinate and cooperate on the project? There may also be specific legal standards to negotiate for the quality of materials, representations, or warranties on the work, as well as specific issues for obtaining permits and setting realistic timelines for milestones and substantial completion. Contact us for help with Commercial Leases.