Allocation of Costs in commercial real estate contract or letter of intent?

In commercial real estate, the allocation of costs in a contract or letter of intent typically outlines which party is responsible for expenses associated with the transaction. This may include costs related to due diligence, legal fees, maintenance, utilities, and property taxes. Clearly defining these responsibilities helps prevent disputes and ensures transparency between the landlord and tenant or buyer and seller. It's crucial for all parties to review and negotiate these terms to align expectations and protect their financial interests.