Definitions for "Building Standard"
The specific construction standards that have been established by the owner and architect to achieve a uniform element of design throughout the building and to establish a cost basis for tenant improvement charges and/or allowances. Such items may be changed only with the approval of the building owner or the managing representative.
A list of materials and finishes used in the build-out, repair or restoration of a tenant's leased area.
The level of tenant improvements the landlord includes in a typical lease. May be expressed as a dollar allowance or a work letter indicating the per square foot quantity and grade of improvement.