done to accommodate the number of employees the new tenant has and the type of layout they prefer. They include changes to the floor, ceilings, HVAC unit, security, or anything else in that area. These are always negotiated before signing a lease.
TENANT IMPROVEMENT ALL VEMENT ALLOWANCE (TI CE (TIA)
TIA is the amount of money that a landlord will commit to the tenant improvements. Anything over the budget stated in the lease is the responsibility of the tenant. That’s why estimates need to be done before the lease is set.
SUBLEASE CLAUSE
I’ve mentioned the benefits and drawbacks to subleasing in previous chapters, but this is the clause in a lease that specifies if you can sublease for now. If you can it is a good way to offset some of your costs. If the lease fails to mention subleasing you may be free to do so, but if you are interested in it you or your broker should specifically ask the landlord before the lease is drafted. There may be a section in your lease that lets you sublease but puts a few restrictions on how and who you can sublease with. A company with a great financial history and great credit is more likely to get these rights than someone who is not financially stable.
PARKING RATIO
This is the number of spaces that your company has reserved in your building’s parking lot. If you take your total rentable square footage of space and divide it by your amount of parking spaces
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