Tenant allowances are payments a lessor makes to a lessee to provide the tenant with funds to prepare ... Sec. 110 provides that improvements related to a qualified leasehold improvement allowance are ...

Yes, you know this, but this column is a dictionary (of sorts), so let’s define a TIA—tenant improvement allowance—as the amount of money a landlord will give toward preparing a space for occupancy ...

Ownership of leasehold improvements Tenant improvement allowances to renovate or retrofit office space ... are defined under ASC 842 as improvements paid to or on behalf of the lessee by the landlord.

The landlord normally puts provisions in place in the lease that cover the budget of the tenant allowance improvement. This is usually listed as a lump sum or on a per-square-foot basis.

A lessee is a person who rents land or property from a lessor. The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law.

Tenant improvements are any type of added or changed development to a real estate structure made to help a lessee conduct business. Industry officials were concerned that a tax would dampen ...