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Work Letter
Practical Law Glossary Item 9-503-0460 (Approx. 3 pages)
Glossary
Work Letter
In a leasing context, an agreement between the landlord and the tenant for the performance of the initial build-out of the leased premises.
Generally, a work letter includes:
- Designation of the parties' responsibilities for the build-out.
- Method and critical time periods for approving material aspects of the build-out, including:
- working plans;
- general contractor bidding; and
- Build-out allowance and method for its application.
- Party responsible for build-out costs in excess of the build-out allowance.
A work letter is usually negotiated and signed at the same time as the lease agreement. It is typically attached as an exhibit to the lease agreement.