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tenant improvements

   Also found in: Acronyms 0.01 sec.
tenant improvements

Improvements to leased space for the benefit of a nonresidential tenant.



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Zappier will continue to govern the day-to-day operations and maintenance of the building by being in direct contact with the property's 100 tenants, as well as overseeing various construction projects, which include capital and tenant improvements.
Since the Economic Recovery Tax Act of 1981 (ERTA), there has been some uncertainty as to the proper period over which to recover the costs of tenant improvements when the term of the lease is shorter than the property's useful life or recovery period.
Fitch IBCA's net cash flow (NCF) as of year-end 1998, adjusted for straight lined rent, free rent, reserves, tenant improvements and leasing commissions, is comparable to the underwritten NCF at origination.
 
 
 
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