Tenant improvement
Modifications made to a rental space to meet the needs of a tenant, often negotiated as part of a lease agreement.
Tenant improvements involve customizing rental spaces to meet tenant needs, enhancing functionality and aesthetics. They are crucial for accommodating specific business requirements, optimizing space use, and enhancing value. By providing tailored modifications, tenant improvements support tenant satisfaction, improve occupancy, and contribute to successful project outcomes by ensuring that spaces are well-designed, functional, and aligned with tenant expectations and lease agreements.
Used in a sentence
The landlord agreed to cover the cost of tenant improvements.
Synonyms/variation
Leasehold Improvement
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