What is a Tenant Improvement Allowance? Are you looking to move your business to a new commercial space? Do you know exactly what features would be in your perfect building? There are a lot of great properties out there but don’t be discouraged if they don’t have everything you need in the state you find them. You have room to build your ideal commercial space in the current market. Tenant improvement allowance, funded by your landlord, will give you a budget to make specific, agreed-upon alterations to the building. That way, you won’t need to go on a wild goose chase to find a property that checks all of your boxes. If you are familiar with the tenant improvement allowance and you come prepared to negotiate, there is no limit to what you could get. As tenant reps, we have spent countless hours working amongst the ins and outs of commercial real estate. We have been deep in the weeds of 40-80 page corporate leases and come out alive. The expertise we provide has helped our clients through every stage of the process, especially in negotiation. We have folded our expertise in this article, so you will be equipped with the knowledge you need. So, you are prepared to make more informed decisions for your corporate real estate portfolio in the future. What Are TI Dollars? A tenant improvement allowance (TIA) is an agreed-upon sum of money your landlord covers to go to renovations. When you move into a building, it may likely need some work. Whether this is an extensive build-out or just fixing the normal wear and tear of previous tenants, you want to be ensured that you will not be responsible for all the costs. You don’t own the building after all, so why should you pay for all of the renovations? It may be expensive to change a new building into a space where your company’s culture can thrive. Tenant Improvement dollars help mitigate any costs you run into during this process.