Office – Retail – Tenant Finish

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So you have just signed your commercial real estate lease. Now What? More than likely the layout, floors, walls, etc need to be modified or updated so your next step is to hire a contractor to have it remodeled or finished out. No matter if you are leasing warehouse space, office space, medical office space, or retail space you need to make sure the contract includes all the details about what the contractor will and will not do. If the landlord is managing the scope of work then you need to make sure your commercial lease contract includes a work letter that gives specific details about the timing, what tenant finish out and costs the landlord/lessor is responsible for and what work and costs you are responsible for. You also want to have a clear understanding of the timing it will take to complete the tenant finish out from both the contractor and landlord.