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The building lease is a combination of a development agreement and traditional FRI lease in which, for a period of time, many of the usual tenant covenants are suspended while the tenant does things to the premises that it would not normally be allowed to do.

Developing a build to suit (BTS) property takes time, effort and extra planning to make sure the client is receiving the end result that he/she or the company wants. From selecting a site, to finish options to turning over the property and keys, this process is extensive but exciting.

A Build to Suit (BTS) is where a commercial property tenant enters into an agreement with a developer or landowner to construct a new, custom-built facility for lease. Once completed, the tenant typically becomes the sole occupant.

Definition: Build to suit is a type of real estate development where a property owner or developer agrees to build a building for sale or lease to the specifications of a prospective tenant, who signs a lease agreement to occupy the property once it is complete.

The initials originally stood for Business Training Systems. In February 2005, BTS acquired Strategic Management Group, Inc.

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 build to suit? A build to suit is a commercial building or space specifically constructed to the client's needs ? whether that's an indoor trampoline park, home of a tech company or a simple update of space - this process focuses on one end user.

In a reverse build-to-suit lease, the tenant acts as the developer. In this case, the tenant is in charge of construction. This is with the landlord's approval and at the landlord's expense. Reverse BTS leases are more common when the tenant has their own real estate or construction department.

A build to suit is a commercial building specifically constructed to meet the design and physical specifications of one particular user.Sale-leaseback: In this process, a tenant will acquire the land, assume the liability of financing, and hire a general contractor to plan and construct the building.

Built-to-suit is a way of leasing commercial property whereas the developer/owner has constructed a building to the specifications of a particular tenant or type of tenant.