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Tenant Improvements - Everything You Need To Know

Learn Commercial Real Estate Commercial Leasing Happy new week!   This week we are covering Tenant Improvement Allowances. AKA Tenant Improvements = TI OR TA ( I use TI) A Tenant Improvement Allowance is money provided by a Landlord to a Tenant to help pay for improvements needed in their new business space. ​It may also cover expenses associated with getting started in the new space. ​It is usually expressed in a per-square-foot or total dollar sum. ​The specific Tenant Improvement request begins in the Letter of Intent. ​Tenant Improvements will be negotiated and solidified during Lease Negotiations. ​Tenant Improvements are a big part of commercial leasing. As either a Landlord Rep or Tenant Rep, understanding Tenant Improvements can literally change...

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