Definitions for "Workletter"
The contribution made by the landlord toward the cost of the tenant installation which may be provided in dollars, in labor and materials or in other landlord concessions. Industry slang for lease expiration date.
A list of the building standard items that the landlord will contribute as part of the tenant improvements. Examples of the building standard items typically identified include: style and type of doors, lineal feet of partitions, type and quantity of lights, quality of floor coverings, number of telephone and electrical outlets, etc. The Workletter often carries a dollar value but is contrasted with a fixed dollar tenant improvement allowance that can be used at the tenant's discretion. See also Leasehold Improvements and " Tenant Improvements.
The standard building items that the landlord contributes as part of the tenant improvements. Examples of standard building items are doors, partitions, lights, floor covering, telephone outlets, etc. The Workletter may specify the quantity and quality of the materials to be used and often carries a dollar value.