How is the TI allowance handled in your market
Hello BP,
Was wondering if there were any commercial (retail/office) landlords that can chime in on how they were offering terms on TI. Are you offering a TI allowance as an upfront incentive (where the tenant does not need to pay you back)? Or are you paying for TI's up front but amortizing those costs over the term of the lease and charging this in addition to their base rent?
I know the answer obviously depends on your local market or how hard you negotiate but just wanted to see what some folks were actually doing in practice.
Thanks in advance