Definition
Landlord funding provided to build out or modify leased commercial space, quoted per rentable square foot.
Example
A $65 per square foot TI allowance covered most of the tenant's build-out cost.
Related terms
Frequently asked questions
What does Tenant Improvement Allowance mean in real estate?
Landlord funding provided to build out or modify leased commercial space, quoted per rentable square foot.
How is Tenant Improvement Allowance used in practice?
A $65 per square foot TI allowance covered most of the tenant's build-out cost.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.