what is ti allowance lease
What Is Tenant Allowance? Commercial real estate landlords frequently have to resort to concessions to get tenants to occupy space in their buildings. These tactics become more common in times of high vacancy. One of the most popular types of concessions is a tenant allowance, also referred to as a tenant improvement allowance or a T.I. allowance. Tenant allowances are usually lump sums of money that the landlord makes available to the tenant to use in ways to customize the rental space.