above building standard

above building standard

Typically refers to items not included in a landlord's construction work letter. A new tenant can usually negotiate the landlord's agreement to pay for all construction expenses necessary to customize space to building standard,which might be hollow doors,inexpensive carpet,2 ft 4 ft ceiling tiles,and fluorescent light fixtures,depending on the building. Anything above building standard must generally be paid by the tenant.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.