TENANT IMPROVEMENT
During the execution of a commercial lease, most tenants want to remodel the property. Tenant Improvement Allowance, also known as TI, is usually part of a lease agreement. Tenant Improvements are the specific accommodations that the building owner makes to the property, before a particular tenant moves in. Say for instance, a tenant wants to turn a warehouse into an office space; changing of the lighting, flooring, doors and other features of the property are things that are considered TI.
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