Turnkey Build-Outs

A tenant's ability to finance its leasehold improvements is an important negotiated term of a retail lease. In an arrangement often referred to as a "turnkey" build-out, the landlord delivers the keys for a completed premises to the tenant when the construction of both the base building and the tenant-specific improvements are complete.

10 minute readJanuary 31, 2016 at 11:00 PM
By
Kristen N. Wilson
Turnkey Build-Outs

A tenant's ability to finance its leasehold improvements is an important negotiated term of a retail lease. Some of the ways the landlord and the tenant address such financing are

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