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The landlord or tenant can pay for the tenant improvements
TI = Tenant Improvement So that would be a Tenant Improvement Superintendent
Yes. Since the tenant affixed the improvement to the property, it becomes a fixture, which belongs to the landlord. An exception to this is if there was an agreement between the landlord and tenant, or if the landlord gives permission for the improvement to be removed. Standard picture hooks, and other like objects, do not constitute fixtures, and may be removed if they belong to the tenant.
Yes, the judgment typically stays on the tenant's record and can negatively impact their credit score and rental history. This can make it difficult for the tenant to rent a new property in the future and may also affect their ability to secure loans or credit in other areas of their life.
Yes, it sure does. Any time a text makes any kind of home improvement that is irreversible, the home improvement becomes part of the property, which belongs to the landlord. The tenant may reverse such an improvement IF he can restore the property to the way it was - without any damages - before the home improvement was made.
The future tense of record is will record.
There is room for improvement
A TI (Tenant Improvement) Estimate would the estimated cost to "build out", "convert" a space that is being leased or considering to be leased. It is the cost to make the space that the tenant is leasing usable to that tenant for their type of office or retail space.
Yes, a landlord in Maryland can sue for future rent if the tenant breaks the lease agreement. However, the landlord has a duty to mitigate damages by making reasonable efforts to find a new tenant. If the landlord finds a new tenant, the tenant who broke the lease agreement will only be responsible for the rent until the new tenant moves in.
No, it is considered a capital improvement to the real estate.
there are none!
TI = Tenant Improvements The Tenant Improvement (TI) Allowance is the amount of renovation costs that a landlord is willing to pay based on the agreed upon lease terms on behalf of a tenant. The tenant's build-out/renovations may cost more than the TI allowance in order to meet the tenant's needs/desires. However, the TI Allowance is the limit the landlord is willing to contribute.