build to suit

Definition

A way of leasing property, usually for commercial purposes, in which the developer or landlord builds to a tenant's specifications. The landowner pays for the construction to the specifications of the tenant, and the tenant then leases the land and building from the landowner, who retains ownership. Build to suit is frequently used by tenants who wish to occupy a building of a certain type but do not wish to own the building.

Use build to suit in a sentence

We were very specific in our requirement so we made sure the property was a build to suit property for us.

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You should try to make sure that you ask for build to suit when you need something special in your new building.

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The landowner will build to suit the needs of the men but they'll have to draw up the plans for what they want in their factory.

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