Episode 20: Negotiating Your Tenant Improvement Allowance

You’ve decided to rent a space for your new business. Now you need to negotiate the lease terms. One of the most significant components is going to be the tenant improvement (TI) allowance. One of the first things you want to understand the difference between grey shell and vanilla shell and the impact on your lease rate and tenant allowance. Most landlords offer some type of allowance to finish the space and this needs to be negotiated into the lease or purchase terms. Typically...