Build To Suit Leases
When working on a build to suit Lease without the help of a developer (Owner of the land plans to do most of the work himself, I would normally nope out, but he does have an engineering background). How much of the construction schedule and similar items do you plug into your Lease agreement. I would prefer to do as little as possible in regards to construction schedules and other various minutia and ask the Parties to seek professional guidance on such matters. Both Parties have their own attorneys that will review the Lease draft before each side executes, so I do have a bit of a buffer from litigation. However I don't want to look so unsophisticated to these groups to the point they will question why they are paying me. (Although, I do make it very clear to them from the start that my job as a broker is to bring buyers/sellers Lessors/Lessees together). 

Has anyone had to do a build to suite Lease without the help of a development firm guiding the process along?

Thanks in advance.
[{"id": "d556ce9", "text": "I see build to suit leases all the time. Its pretty common to have a termination option in there for the tenant if the building is not finished by a certain date.", "replies": [], "depth": 1}, {"id": "d55i9g3", "text": "Agreed on the termination ability of not completed in a timely manner. Also, if you're representing the lessee, you want to include options to exit, giving them flexibility. Who's spec is the BTS based on? If it's unique space the lesser should like to have an out in the lease of the building doesn't match the original spec. Nothing else regarding the BTS construction needs to be included. It's a pretty standard lease. ", "replies": [], "depth": 1}, {"id": "d55tqxz", "text": "I see lots of these -- but usually the tenant is a national-level retailer, so my experience may be skewed toward the tenant-friendly end of the spectrum. \n\nThere's usually a site plan and building specs attached as schedules to the lease, owner/builder substantial completion deadlines, construction progress reporting obligations, and warranties. The typical case is a delivery date, followed by some variety of tenant fixturing, followed by rent commencement. ", "replies": [], "depth": 1}, {"id": "d56xb5j", "text": "In a perfect world, you would have a work letter prepared by the Owner's contractor and attach it as an exhibit.  Estimated timelines for completion of the work could be included in the letter along with finishes, that way there is no confusion.  \n\nHaving a site plan/floor plan would be great exhibits as well, and could also be prepared by the contractor for either the Tenant or the Owner.\n\nIn preparing the lease, you may want to think about adding a reference to said work letter.  Then if the attorneys or clients ask about it tell them that you recommend it, which shows you are being proactive, but recommending that an experienced construction professional handles it.", "replies": [], "depth": 1}, {"id": "d586z6l", "text": "I like having these in BTS Leases. Having the broad specs agreed upon ahead of time drives the construction costs which should drive returns and rents. Also, you will need to know the specs to get an accurate construction schedule from a contractor / architect. I include both of these in lease exhibits - parties need to understand that they are the framework, not actual. As an owner/developer we only do these with mutually agreed upon change orders to the scope (documented - spec and $), some construction buffer (90-days), and a penalty period for construction delays (credited to  so we don't come out of pocket, say $500.00/day). We sometimes begrudgingly throw-in Termination Option's but it would have to be after say 9 months of delays. As the Owner would be constructing the building in this case it is not an unreasonable ask by the Tenant.  ", "replies": [], "depth": 1}]