What is tenant improvement allowance?
A landlord-funded amount (often per square foot) to help a tenant customize its space; an economic concession usually modeled below NOI as a leasing cost or capital expenditure.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.