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When Tenants Do The Work, Protect Your Asset

By Ira Fierstein
August 21, 2010

With more and more landlords delivering raw space to tenants, or otherwise providing that the premises are to be delivered in “as-is” condition, tenants are performing work that was customarily performed by landlords. Consequently, tenants are demanding larger construction allowances, and added care must be taken when representing landlords in these situations, to ensure that tenants' work is completed lien-free and that construction reimbursements are not paid prematurely.

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