A tenant improvement (TI) allowance is a specified sum of money (often expressed in $__ per square foot) that a Lessor contributes toward the cost of Lessee's build-out. Many Lessors choose to contribute the TI allowance after construction is completed and once Lessees begin paying their lease payments.
Here is an article that further outlines the basic definition of TI - or tenant improvements/tenant improvement allowance.
[Lease terms are negotiable. Consult with your commercial real estate professional for guidance on what terms will best suit the needs for your project.]
Nicole Jones Commercial Real Estate created a blog to provide patrons with knowledge and resources within our field as well as community news information.
Nicole Jones Huntsville AL
Tags: Nicole Jones Alabama Nicole Jones Commercial Real Estate Huntsville AL For Sale For Lease Property Nicole Jones Troy Alabama Development Buildings Land Retail Office Warehouse Industrial Properties