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Commercial Real Estate Terms: What are Tenant Improvements?

April 26, 2017Commercial improvements Real Estate tenant terms

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Commercial Real Estate Terms: What are Tenant Improvements?

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Tenant Improvements are also known as “Tenant Build-Out”, which are improvements such as walls, additional plumbing, built-ins, HVAC changes, structural changes and so forth, that meet the needs of the Tenant. These improvements can be paid for by the Tenant, the Landlord, or both parties.