A letter that is a part of the lease. It defines the landlord's contribution toward the construction of the tenant improvements.
Specifications for tenant improvements usually attached to a lease and/or letter of intent. The work letter provides the basis for working drawings and contractor pricing and may allocate costs between the parties. Also establishes critical dates for approval of drawings and processes.
Real estate term referring to the provision in the lease agreement that stipulates the work that the landlord, property manager or owner must perform for the tenant. For more information, see the "Overview of Leases" article in the "Real Estate In-Depth" section.
The list of tenant allowances for standard and above-standard items -- such as partitions, outlets, and carpeting -- to be provided under the terms of a space lease.
A list of the building standard items that the landlord will contribute as a part of the tenant improvements.
A letter given by a landlord to a tenant detailing the amount and type of work the landlord and the tenant will each do in preparing the property for occupancy by the tenant.
An amount of money that a landlord agrees to spend on the construction of the interior space per the lease, usually negotiated.