Property Management
A Florida commercial property manager negotiates a tenant improvement allowance (TIA). This means:
AThe tenant pays for all improvements
BThe landlord provides a set dollar amount to pay for buildout or improvements to the leased space for the tenant✓ Correct
CThe tenant improves the property in lieu of paying rent
DImprovements must be approved by the local building department only
Explanation
A Tenant Improvement Allowance (TIA) is a negotiated amount the landlord agrees to pay toward the cost of customizing or building out the commercial space for a specific tenant. The allowance is typically stated as a dollar amount per square foot.
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