Tenant improvements (TI) refer to changes or modifications that are made to a commercial rental property by the tenant in order to suit the specific needs of their business. Tenant improvements can include things like installing new flooring or lighting, building partitions, or making structural changes to the space. The cost of tenant improvements is often negotiated between the landlord and the tenant, and the tenant may be responsible for paying for the improvements or the landlord may be willing to cover the cost in exchange for a higher rent.
What does tenant improvements mean?
Related Terms
Commercial Property
Graduated-Payment Mortgage (Gpm)
Restructured Loan
Schematic Designs
Mechanical Systems
Encroachment
Administrator's Deed
Balance Sheet
Effective Gross Income
General Contractor
Subcontractor
Escalation
Guarantee Mortgage
Utilities Availability (In A Lease)
Additional Rent
Cash-On-Cash Return (C On C)
Rammed-Earth Construction
End Loan
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