Negotiating the Tenant Improvement Allowance
A key component of any lease negotiation is the tenant improvement allowance provided by the landlord to build-out or retrofit an office space for the tenant’s specific use. The amount of the tenant improvement allowance, as well as the length of the lease term have a significant impact on the negotiated rental rate. In addition to negotiating a favorable amount for tenant improvements provided by the Landlord, the ability to maintain control of the process is also important.
Tenant Improvement allowances provided by the building owner to build¬out or retrofit office space are typically structured in one of two ways. Download to learn more.
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