tenant improvements

tenant improvements definition - business

tenant improvements

Alterations to a leased space to meet the requirements of a tenant. For example, soundproofing, reconfigured interior space, and upgraded electrical wiring may be required. Tenant improvements may be paid for by the tenant, the landlord, or shared according to some agreed upon formula.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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