Property Management
In Michigan, a 'tenant improvement' (TI) in commercial property refers to:
AImprovements made by the landlord after the tenant moves out
BCustomizations made to a commercial space to meet the tenant's specific operational needs, either by the tenant or the landlord✓ Correct
CMandatory ADA upgrades required by law
DImprovements made by the tenant that must be removed at lease end
Explanation
Tenant improvements are physical modifications to a commercial space to meet a tenant's specific needs (partitions, flooring, lighting, special equipment). They may be constructed by the landlord (funded by a TI allowance) or by the tenant with or without landlord contribution.
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