These leasehold improvements, as they are also called, can secure long-term profitability for both the owner and the business renting the space. For instance, a space that was previously a restaurant may need to be converted to accommodate a bookstore, or an office space might adopt a more open floor plan to accommodate more employees. These improvements can be made under a current lease or completed prior to a new tenant moving in. Tenant Improvements (TI) are commercial remodel projects made to the interior of a rental property to accommodate the needs of a specific tenant. If you’re a property owner looking for ways to maximize the value of your commercial property, this guide is for you.
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