Property Management
In Hawaii, a commercial lease 'tenant improvement allowance' (TIA) refers to:
AA. A rent reduction for tenants who improve the property
BB. Money provided by the landlord to fund the tenant's buildout or modifications to the leased space✓ Correct
CC. Government grants for commercial property improvements
DD. A fund the tenant deposits for improvements at move-out
Explanation
A tenant improvement allowance is money the landlord provides to help the tenant build out or customize the leased space for their specific business needs.
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