Property Management
In a Kansas commercial building, a 'tenant improvement allowance' (TI or TIA) means:
AThe tenant may renovate without landlord consent
BThe landlord provides funds or credits for the tenant to customize the space for their use✓ Correct
CThe tenant receives a rent discount for maintaining the building
DThe tenant is allowed to sublease part of the space for improvements
Explanation
A tenant improvement allowance is money or credit provided by the landlord for the tenant to build out or customize their leased space for their specific operational needs.
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