[WSBARP] Ground lease

[Samuel Meyler]

Every situation is different, but landlords frequently delay the commencement of base rent during buildout on a ground lease, with a drop-dead date by which construction must be complete and business operational.  Tenant typically still pays utilities, property taxes, assessments, and insurance during the entire buildout period.

Happy to chat about it sometime next week.

Samuel M. Meyler
Attorney at Law

[A black background with white text  Description automatically generated with low confidence]<http://reedlongyearlaw.com/>
Reed Longyear Malnati Corwin & Burnett, PLLC
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Seattle, WA 98104
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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Mike Zeno
Sent: Friday, November 21, 2025 2:01 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Ground lease

I’m reviewing a ground lease for a client.  Client owns vacant land.  Prospective tenant would build a car wash.   The tenant proposes to not start paying rent until it’s built out the space, which could take quite awhile.  This doesn’t seem right, but I’m not sure what’s customary.  I would be grateful if anyone would be willing to chat with me about customary financial terms.


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