LA 237 Build To Suit Single Tenant Lease For Pharmaceutical Company With Rent Based Upon Development And Financing Costs
This lease form is designed for a single tenant build to suit transaction, where the landlord builds the building shell, and the tenant builds the interior finishes with a tenant allowance. The rent payable by the tenant for the inital year of the lease is pegged to the total construction and financing costs of the project (pursuant to a 6 page included exhibit), with annual percentage increases thereafter. The tenant has a renewal option with Fair Market Rentals.
The document contains extensive provisions concerning construction of premises (most of which appears in a 44 page included exhibit), including the preparation of improvement plans, cost estimates, final pricing, tenant improvements, change orders, building shell costs, landlord overhead and profit, and punchlist items. After completion of construction, the tenant maintains the interior of the premises, and the landlord maintains the structural elements of the property (without operating cost reimbursement), and the exterior portion of the premises (with operating cost reimbursement).
Number of Single Spaced Pages: 125
More Information About This Product > |
|