SUBJECT AREA - CONSTRUCTION VARIABLES

Turnover Defined

After a lease becomes fully executed the landlord will normally complete whatever work they need to do so they can “turnover” the space to tenant. Once a space is “turned over” and accepted by tenant the “build-out” time clock starts to run toward the tenant’s rent start date. Build-out time of 90-180 days is also part of the LOI negotiation because certain uses need more time to build-out than other uses. 
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