Negotiating tenant improvements in your lease is complex. Here are some helpful tips to get the best-negotiated outcome for your tenant improvements.
Tenant improvement allowance is a common and important lease negotiation where the landlord agrees to partially or fully fund the tenant’s build-out, improvement, and/or reconfiguration of space so that it meets the tenant’s specific use and needs. This could include improvements such as new carpet, paint, constructing or moving walls or all of the above. Beware, sometimes it doesn’t include costs such as professional fees or data cabling, which can result in unplanned expenses.Read More