In a reverse build-to-suit lease, the tenant acts as the developer. In this case, the tenant is in charge of construction. This is with the landlord’s approval and at the landlord’s expense. Reverse BTS leases are more common when the tenant has their own real estate or construction department. They usually still prefer to lease rather than own the property. In a reverse BTS, the landlord is also protected from additional costs outside of what was agreed upon.