To answer this question obviously requires a detailed understanding of the nature of the improvements, beginning with the scope of work. This type of contract should be carefully drafted to account for possible circumstances that might affect the parties during and after the improvements and alterations. I recommend highly that you retain an attorney with experience in these types of matters.
Far to complicated a matter to be addressed on line, nor penned by a layperson. One would have to review the lease (for a start), and be fulled informed as to the nature of the improvements, whether they will require permits, a licensed contractor, etc.
issues to address include performance and breach (and remedies), the attachment of construction or materialmen liens, liens, bonds, insurance, ownership (of the completed improvements), timing of the construction, access and disruption of other tenants' right (or neighbors'), zoning requirements, ADA requirements (and 'triggers'), construction demolition and garbage removal, personal liability issues, the list goes on and on and on. The letter should be several pages long (and I am no fan of long letters!) and should be reduced to an agreement signed by both parties and perhaps incorporated into the lease.
Si, i agree, and suggest you consult with a good local commercial real estate attorney for advice and guidance here.
Hhope this helps.
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I agree with my colleagues. This is not a simple matter that can be answered in this forum. You need to retain an attorney to review the lease and your tenant's proposal and draft the appropriate document.
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It really depends on what your lease(s) says.I would consult with a local commercial real estate attorney.
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A standard commercial lease will include all those terms, for the protection of the landlord. Have an attorney draft one for you so that we can address all your specific needs, and Florida statute requirements, so you are protected with your commercial tenants.
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