is an incentive paid to tenants to contribute to their cost of constructing their stores within a shopping centre. Construction allowances are part of tenant inducements.
A quantity of interior improvements made to a commercial space that is contributed by the landlord. Can be expressed as a dollar amount per square foot or pursuant to specific quantities of materials and finishes such as partitions, doors, lights, outlets, floor coverings, etc.
A financial inducement to a lessee that is provided by the lessor to cover the cost, in whole or in part of preparing a structure for the lessee's occupancy. This allowance could cover costs, such as for partitions, wiring, lighting and standard carpeting.
The amount a Landlord contributes to the cost of construction and/or alteration necessary to prepare a space for a tenant's occupancy. This is usually an established amount, but is negotiable.
The contribution by the landlord for the cost of tenant improvement in excess of the base building shell, often expressed as a cost per square foot with a maximum. Search | Home