work letter

work letter
USA
In a leasing context, an agreement between the landlord and the tenant for the performance of the initial build-out of the leased premises.
Generally, a work letter includes:
• Designation of the party responsibilities for the build-out.
• Method and critical time periods for approving material aspects of the build-out, including:
o working plans,
o general contractor bidding, and
o change orders.
• Build-out allowance and method for its application.
• Party responsible for build-out costs in excess of build-out allowance.
A work letter is usually negotiated and signed at the same time as the lease agreement. It is typically attached as an exhibit to the lease agreement.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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