Tenant Improvement

Tenant improvement refers to the modifications or upgrades made to a rental space to suit the needs of the tenant. These changes can include renovations, installing new fixtures, or reconfiguring the layout to create a more functional environment. Typically, the costs and responsibilities for these improvements are outlined in the lease agreement, and they can enhance the aesthetic and utility of the space. Tenant improvements are common in commercial real estate, allowing businesses to tailor their environments to better serve their operations and enhance employee productivity.