Define: Shell and Core

How is Shell and Core defined in a legal contract?

• Shell and Core means improvements to a leased space, including aspects such as additional or relocation space, which are agreed upon in [writing] by the [commissioner]. Seen in 2 SEC filings
• Shell and Core means the structure and building envelope, including the outer walls and roofs which are designed to be wind and water resistant. It denotes compliance with [building regulations] related to the shell space. All the exterior access ways are included up to the main entrance. Also, certain services such as pipes, electrical wires are installed or completed by the [developer]. Seen in 2 SEC filings
• Shell and Core means the developer providing the main work and enabling the sale of apartments before their completion. It includes the installation of pipes, electrical wires by the developer, while painting, tiling, plumbing, and electrical features are the buyer's responsibility. Seen in 2 SEC filings
• Shell and Core means it refers to the key structural elements of a building, including the roof, foundation, exterior walls, and common base building mechanicals, electricals and plumbing systems. This doesn't cover any work related to tenant improvements, constructed by or for the tenant. Seen in 1 SEC filing
• Shell and Core means the building exterior combined with essential components like fireproofing, insulation, support panels, sealants, weatherproofing materials. It also includes the roof, elevator shafts, and stairways, and all structural elements like the foundation, bearing walls, beams, and floor slabs. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of shell and core' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Shell and Core means the essential structural elements of a building, including exterior walls, roofs, and foundation, finished to be wind and water-resistant.

Relevant Contract Types

• Commercial Lease Agreement
• Residential Lease Agreement
• Construction Contract

Relevant Circumstances

• When leasing a property relying on its foundational structure
• Overseeing construction projects to ensure robust building standards
• Assessing property/building for purchase or rental

Relevant Sectors

• Real Estate
• Construction

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Genie Definition 2

Shell and Core means a property's basic structure provided by the developer, excluding components like painting, tiling, plumbing, and electrical features managed by the buyer.

Relevant Contract Types

• Commercial Lease Agreement
• Residential Lease Agreement
• Property Sale Agreement

Relevant Circumstances

• When purchasing or leasing a new development property
• Overseeing renovations or build-outs in a purchased or leased property
• In a scenario where the buyer wants customization control over the finishing

Relevant Sectors

• Real Estate
• Construction

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