Work Letter
A work letter is the lease exhibit that allocates construction responsibilities, details plans/specifications, approval processes, timelines, and cost responsibilities for landlord work and tenant work. It functions as the operational "scope and process" document for buildout and delivery.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Lease Drafting / Buildout
- Property types
- Commercial Leasing (Retail/Office/Industrial)
Related terms
Commercial Leasing Terms
- Additional Rent
- Assignment and Subletting Clause
- Base Rent
- Base Year
- Commencement Date
- Common Area Maintenance (CAM)
- Effective Rent
- Full-Service (Gross) Lease
- Gross-Up
- Modified Gross Lease
General information, not legal, tax or financial advice.