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.
Leasehold improvements and tenant improvement allowances are related but not the same. Leasehold improvements refer to the modifications made to a leased space to meet the needs of the tenant, such as renovations or upgrades. A tenant improvement allowance, on the other hand, is the financial contribution made by the landlord to cover some or all of these improvements. Essentially, the allowance is a budget provided for the improvements, while the improvements themselves are the actual changes made to the property.
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.
In most states, if a lease term is for a fixed amount of time, such as a year, and the tenant breaks lease by moving out early, the landlord can sue for the amount of time it took for the landlord to get a new tenant or for lease to expire, whichever comes first. It is for a month-to-month tenancy, then the landlord has no grounds for suing for future rents.
there are none!
No, it is considered a capital improvement to the real estate.