Property Management
What is a build-out (tenant improvement construction) in commercial leasing?
ABuilding a new commercial property
BCustomizing a commercial space to meet a specific tenant's requirements before they occupy it✓ Correct
CExterior improvements to a building
DExpanding a building's footprint
Explanation
A tenant build-out (or tenant improvement construction) involves constructing or modifying the commercial space to meet a specific tenant's needs. It may be done by the landlord using a TI allowance or by the tenant with their own funds.
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