TENANT IMPROVEMENTS

Tenant improvements refer to the modifications or renovations a landlord may make to commercial space to accommodate the specific needs of a tenant.

These improvements can benefit both the landlord and the tenant, as they can increase the value of the property and provide a more functional and comfortable space for the tenant.
There are several types of tenant improvements that a landlord can undertake. Here are some examples of tenant improvements;

• Cosmetic improvements: These can include painting, carpeting, and other cosmetic changes that can enhance the appearance of the space and make it more attractive to potential tenants.

• Functional improvements: These are changes made to improve the functionality and efficiency of a space. For example, a landlord may install new lighting or add partitions to create private offices in an open floor plan.

• Structural improvements: These are more significant changes that may require permits and approvals, such as adding an elevator or a new HVAC system.

• Safety improvements: These can include upgrades to the fire suppression system, adding sprinklers or alarms, or improving the building's security measures.