Asking rent is the initial list price set by a landlord for leasing a property. It can be subject to negotiations leading to concessions such as reduced rent or additional incentives.
Tenant Improvements (TIs), also known as leasehold improvements or build-outs, refer to changes made to the interior of a rented commercial property to customize it for the specific needs of the tenant.
A Tenant Representative Broker represents tenants in seeking the best property to lease, negotiating favorable transaction terms, and assisting with related leasing processes.
