Page 40 - Commercial Lease FlipBook 2020
P. 40
• The landlord will sometimes contribute to the tenant’s build-out costs. This is
also known as a tenant allowance, construction allowance, or tenant
improvement allowance.
• Tenant must provide an insurance certificate and have plans approved by
landlord prior to the construction start. Most leases have detailed instruction on
the plan approval process, which can include time sensitive deadlines.
• Tenant is generally required to provide a CO, lien waivers, a general contractor’s
affidavit stating “Paid in full,” and not be in default to get reimbursed for
construction costs.
