In this article, you'll learn:
- Key terms like demising wall and force majeure that impact your space.
- Differences between landlord and tenant build agreements.
- What to expect in a shell condition and the concept of trade fixtures.
- Understanding turn-key spaces and how to calculate usable vs. rentable square feet.
Opening up a new space or relocating your business can be a dizzying process. All at the same time, you have to juggle moving into the space, paying for the space, and building it out. The fact that the tenant improvement industry uses a range of unfamiliar terms can make getting your space ready even more challenging. Here are some of the commonly used terms with which your should familiarize yourself: