Definitions for "Work Letter"
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.