Difference between turn-key and build-to-suit work allowances?
I see very little nuance between the two. Both of them are performed by the landlord. Both of them require the tenant to submit plans. What's the difference, really? Is it that build-to-suit plans are more detailed, and often come with more negotoiations? Do build-to-suit TI's require more supervision from the tenant? Thanks.
[{"id": "fkiyflr", "text": "Turnkey means it's ready to go.  Build to suit is for whatever you want from the ground up.  If a turnkey includes a TI (tenant improvement) allowance I would suspect that it is mostly if not completely ready to go and would be pretty low whereas a build to suit it is the whole kit and kaboodle from beginning to end.  But you're right, technically they're pretty identical except for the details, like the amounts.  \n\nMore I thought of: the TI allowance could be DURING the lease while the build to suit, the lessee may not be on the hook until everything is done to spec and final inspection. \n\nhttps://watchdogpm.com/blog/t-i-allowance-vs-turnkey/", "replies": [{"id": "fkkq06e", "text": "Oh ok got it. This made sense", "replies": [], "depth": 2}], "depth": 1}, {"id": "fkj3r2w", "text": "Built to suit is very easily explained as built to to suit the tenants needs. Turn key just means he did a renovation based on a general design.", "replies": [{"id": "fkkpnue", "text": "But both tenant and landlord in both provisions go through a plan, right? So the difference lies in the specificity of the plan?", "replies": [{"id": "fkkslsr", "text": "Yes but built to suit you can have a say in the plan.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]