Letting
Handover in shell / bare / building-services-fitted condition
Level of finish on handover.
Commercial premises are handed over in shell condition, bare or with building services fitted; offices are often delivered to a white-box standard. The condition on handover determines who bears which fit-out costs and affects the effective rent.
See also
Let commercial propertyFrequently asked questions about Handover in shell / bare / building-services-fitted condition
What does Handover in shell / bare / building-services-fitted condition mean?
Level of finish on handover.
How does Handover in shell / bare / building-services-fitted condition work in commercial real estate?
Commercial premises are handed over in shell condition, bare or with building services fitted; offices are often delivered to a white-box standard. The condition on handover determines who bears which fit-out costs and affects the effective rent.
Related terms in letting
Rent-free period
Period without rent payments offered as an incentive.
Incentive
Financial incentive to enter into a lease.
Service charges
Costs in addition to the base rent.
Loss of rental income
Rental income lost through vacancy or non-payment.
Rent indexation
Annual adjustment of the rent.
Rental deposit
Security for the landlord.
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