Answers · Pre-commitment lease
What is a pre-commitment lease?
Direct answer
A pre-commitment lease is a lease agreed before a building is constructed. The tenant commits to leasing the completed facility on agreed terms, which gives the developer or owner the certainty to fund and build it. It's the foundation of most build-to-suit projects.
Pre-commitments solve a chicken-and-egg problem: a purpose-built facility needs funding, and funders need to know it will be occupied. By signing a lease before construction, the tenant provides that certainty — and in return gets a building designed around their operation rather than a generic shed.
For the tenant, the commitment is real: you're agreeing to lease something that doesn't yet exist, so the design, specification and lease terms all need to be right up front. The upside is significant — a facility that fits precisely, on long tenure, with none of your capital tied up in the land or construction. It's how growing operations get exactly the building they need.
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