Property Management
What is a tenant improvement (TI) allowance in a Nevada commercial lease?
AA rent reduction for tenants who improve the property
BA sum provided by the landlord to help the tenant customize the space for their business use✓ Correct
CA state program assisting small businesses with leasehold improvements
DA fee charged to the tenant for modifying the property
Explanation
A tenant improvement (TI) allowance is money the landlord contributes toward the cost of improvements the tenant makes to customize leased space. It is a common inducement in Nevada commercial leases, particularly in office and retail properties.
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