Build to Suit is a contractual arrangement where a landowner agrees to construct a building based on the specifications of a tenant and then lease both the land and the completed building to the tenant. This allows tenants to customize space without the upfront capital expense of buying and developing land.
A Hold Harmless Clause in a contract is a provision by which one party agrees to protect another party from claims, lawsuits, or any legal liabilities arising from a specific situation or activity.
Overage Rent, also known as Percentage Rent, is an additional rent payment that tenant retailers pay to their landlords based on a percentage of their sales over a specified base amount. Often used in shopping centers or retail spaces, it helps landlords share in the tenant’s success.
