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A "Build To Suit(e)" lease is when a real estate Owner offers to build (at his cost) an entire building , or space within an existing building, to certain specifications set forth by a particular tenant. In most cases, the Tenant has agreed (in writing) to pay a certain rental amount Per Sq.Ft. over a mandatory time period, legally referred to in the lease agreement as the 'LEASE TERM". There can be lease renewal options on behalf on the tenant if he desides stay in the space beound the mandatory period. EXP., 5yr. (initial lease term) with (1) 5 yr. renewal option.

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17y ago

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