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Also known as leasehold improvements, TIs are customized adjustments that a building owner makes to rental space as part of a lease agreement, in order to build out the space for the requirements of that particular tenant.
Tenant Improvement (TI) refers to the alterations and modifications made by a landlord to a rental space in response to a tenant's specific needs and requirements. These improvements are often negotiated as part of a lease agreement and may include customizing the layout, installing fixtures, or upgrading systems to suit the tenant’s business operations. TIs are essential for making rental spaces functional and attractive to prospective tenants.
An example could be a restaurant owner installing a commercial kitchen and seating areas to suit their specific operational needs.
