Property Management
What is 'tenant improvement allowance' (TI allowance) in Rhode Island commercial leasing?
AA rent reduction for tenant improvements
BA landlord's contribution toward customizing the leased space to the tenant's specific needs✓ Correct
CA security deposit held for repairs
DA clause allowing the tenant to sublet
Explanation
A Tenant Improvement (TI) allowance is a landlord-provided sum of money used to build out or customize commercial space to meet the tenant's specific operational needs. It is a common negotiating point in commercial leases.
Related Rhode Island Property Management Questions
- In Rhode Island, a holdover tenancy (tenancy at sufferance) arises when:
- What is a 'lease abstract' in Rhode Island commercial property management?
- A Rhode Island property manager discovers that a tenant has subletted their unit without permission in violation of the lease. The manager may:
- What is a 'management fee' in Rhode Island property management and how is it typically calculated?
- A Rhode Island commercial lease contains a 'rent escalation clause' tied to the Consumer Price Index (CPI). This means:
- What is 'deferred maintenance' in Rhode Island property management?
- What is 'operating expense stop' in a Rhode Island commercial lease?
- In Rhode Island, what is 'property condition disclosure' in a commercial lease?
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →