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Tenant Improvement Allowance (TIA)
A negotiated sum provided by a commercial landlord to contribute toward tenant interior space build-outs, alterations, or architectural finishes.
A Tenant Improvement Allowance (TIA) is a capital sum negotiated within a commercial lease that the landlord provides to cover or offset the cost of designing, constructing, and outfitting tenant-specific office, retail, or industrial spaces.
TIAs are typically distributed as progress reimbursements against contractor invoices or applied as credits against initial construction milestones.
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See all Leasing terms →Assignment of Lease
The complete legal transfer of an existing tenant's entire leasehold rights, obligations, and physical occupancy to a new incoming tenant.
Read definition →Base Rent
The fixed minimum monthly rent agreed upon in a lease agreement, excluding utilities, janitorial, or shared operating expense pass-throughs.
Read definition →Co-Tenancy Clause
A commercial lease clause granting rent reductions or termination rights if anchor tenants vacate or center occupancy falls below agreed levels.
Read definition →Continuous Operation Covenant
A commercial lease requirement obligating a retail tenant to keep its store open, fully stocked, and staffed during designated business hours.
Read definition →Escalation Clause
A commercial lease provision specifying annual rent increases tied to a fixed percentage, stepped rates, or the Consumer Price Index (CPI).
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