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Exhibit D WORK LETTER (Build to Suit) Lease - oregon.gov

Exhibit D WORK LETTER (Build to Suit) Lease - oregon.gov 2025

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The document is a Work Letter attached to the State of Oregon Lease, outlining the responsibilities and procedures for constructing a build-to-suit project. It details the roles of the landlord and tenant, project timelines, approval processes for plans, costs associated with construction, change orders, completion criteria, and documentation requirements. The letter emphasizes cooperation between parties and establishes protocols for handling disputes related to the project.

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What is a work letter in a lease?

Work letters are designed to set out a process and a procedure for carrying out a construction project by the landlord or tenant (or both) within the premises. This work will need to be completed within a defined timeframe.

What is a build to lease?

The primary difference between a ground lease and a build-to-suit lease is that in a ground lease the tenant leases the land, rather than the property. In a build-to-suit, the tenant is only leasing the building constructed on the land.

What is a build-to-suit lease?

A build-to-suit lease in industrial real estate is a long-term contract between a tenant and a developer, in which the developer builds a property specifically for the use of one tenant.

What does build to suit mean?

While build-to-suits may seem intimidating for companies who have never pursued one, they are a great solution for custom-built real estate with little to no upfront capital involved.

What is a work letter in commercial real estate?

A work letter sets forth the work that needs to be done to prepare a space for a particular tenants occupancy. Work letters can be drafted into a lease itself, or can be drafted as a standalone document.

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