Negotiate Favorable Terms in 'Preliminary Work' Agreement

July 30, 2013
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It’s common for tenants that are interested in leasing commercial space to want the shopping center’s or office building’s owner to do “preliminary work”—that is, minor preconstruction paperwork like reviewing or preparing plans and specifications, getting preconstruction permits, and interviewing architects—before they’ll sign a lease. Because preliminary work isn’t actual construction work (which the owner will do after you sign the lease), some tenants don’t see it as being an important aspect of the process.

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