The tenant's contractual obligation to return the premises to bare-shell or original condition at lease end.
Lease economics · APAC
The tenant's contractual obligation to return the premises to bare-shell or original condition at lease end.
Common in APAC markets. Singapore, Hong Kong, Tokyo, and Shanghai all default to substantial reinstatement obligations. Costs range from SGD 30-60/sqft (Singapore) to JPY 30-60k/sqm (Tokyo) on a high-end fit-out">fit-out. Some tenants negotiate to leave the existing fit-out — landlords may agree where the spec is broadly reusable.
Reinstatement is part of the lease economics vocabulary that institutional Class A occupiers, landlords, and advisers use across APAC markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the APAC definition alongside the global standard so cross-border occupiers can translate quickly.