August 1, 2009

Leasing 101 - Part 9

9) TI: Not a kind of calculator

  • TI = Tenant Improvements , i.e.Paint, Carpet, erecting walls, taking out walls, etc.
  • What sort of TI Allowance is the Landlord offering?
  • If TI is not being offered, is Landlord willing to discount rate or offer free rent for any work needing to be done to the space?
  • What interest rate does Landlord amortize TI costs in excess of the allowance?

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