Who Pays for a Commercial Office Build-Out?
It’s very common for rented commercial spaces to require renovation work before they’re ready for new occupancy. These renovations can be as big and impressive as you like, and the changes can add personality as well as functionality to your workplace. However, we’re sure there’s one specific worry that comes to mind when taking on an office buildout project: cost. Who will pay for the commercial office build-out? Is it your responsibility in full or does the landlord cover some or all the cost? In this article, the team at BE Builds will go over different types of build-out agreements and how they’re typically negotiated between parties. The Most Common Ways to Pay for a Commercial Office Build-Out Usually, landlords and tenants will negotiate who pays for office build-out costs during the lease process. This gives both parties a clear idea of what each party is responsible for and ensures both you and the landlord are legally held to this agreement. The most common ...