Results for Tenant Improvements (TIS)
On this page:
 
Business Dictionary:

Tenant Improvements (TIS)

Those changes, typically to office, retail, or industrial property, to accommodate specific needs of a tenant. TIs include installation or relocation of interior walls or partitions, carpeting or other floor covering, shelves, windows, toilets, etc. The cost of these is negotiated in the lease.

 
 
Real Estate Dictionary: Tenant Improvements (TIS)

Those changes, typically to office, retail, or industrial property, to accommodate specific needs of a tenant. Include moving interior walls or partitions, carpeting or other floor covering, shelves, windows, toilets, etc. The cost of these is negotiated in the lease.
Example: In negotiation with Pag Stores for a new five-year lease on space in a regional mall at an annual rent of $30 per square foot, Crosins Properties agreed to pay up to $20 psf for tenant improvements. Pag Stores needs to put in new carpets, light fixtures, doors, and windows, which will cost considerably more than the allowance.

 
 

Join the WikiAnswers Q&A community. Post a question or answer questions about "Tenant Improvements (TIS)" at WikiAnswers.

 

Copyrights:

Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more

Search for answers directly from your browser with the FREE Answers.com Toolbar!  
Click here to download now. 

Get Answers your way! Check out all our free tools and products.

On this page:   E-mail   print Print  Link  

 

Keep Reading

Mentioned In: