Right of First Refusal . Landlords undertaking to offer space to existing tenants on the same terms and conditions as a bona fide offer they may have received for that space. The allowance that the landlord gives the tenant to build-out its premises. This cost is amortized into the rent. First, determine what landlord-provided improvements are included in the space.
Different landlords offer different base packages - be aware of the difference.
Usable Square Feet . The space actually occupied by a tenant, including his internal hallways and elevator lobbies, if occupying an entire floor. Your lease should always be reviewed by your attorney prior to signing, but the more you understand about the terminology and your rights as a tenant, the less chance there is that you will be unpleasantly surprised. 1998 by Steinco Inc. - Chicago, Illinois.