Property Management
In Georgia commercial leasing, 'tenant improvement (TI) allowance' refers to:
AA. The monthly rent reduction offered to new tenants
BB. A landlord's financial contribution toward building out the leased space for the tenant✓ Correct
CC. A tenant's right to make improvements without landlord approval
DD. An escrow fund for property improvements
Explanation
TI allowance is money provided by the landlord to help the tenant build out and customize the leased space. It may be provided as cash, rent credits, or construction services.
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