2007-07-19 09:47:11 · 3 answers · asked by Albert M 1 in Business & Finance ➔ Renting & Real Estate
The owner will build to suit the tenant then rent it to him.
2007-07-19 09:52:53 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋
If it is leasehold land the tenant pays for the improvements to the land i.e. buildings plus building costs etc. You lease the land for a long period of time (normally 25 years or more) and only pay land rent to the landlord.
If the land is freehold then the owner pays for the building and its costs. In such cases you become a tenant and pay a rental to the landlord for the accommodation that you occupy and not a land rent as in the case of a leasehold property.
2007-07-19 10:01:15 · answer #2 · answered by Rooikat 5 · 0⤊ 0⤋
Built to suit means they suit your needs right? As long as your business falls under the zoning restrictions for the property, you should be able to demand a suited space for your business.
I'm a little unclear on whether your renting from the builder or from a third party - because that makes a difference.
2007-07-19 09:54:15 · answer #3 · answered by Bgirl9488 3 · 0⤊ 0⤋