Multiple Locations Forms are insurance policies that provide coverage for property owned by one individual or entity across several locations. This includes merchandise, materials, fixtures, furniture, specified machinery, betterments, and improvements made by tenants.
A Tenant Finish-Out Allowance refers to the monetary compensation provided to retail or office tenants to accommodate their unique requirements for setting up their leased space, including modifications such as walls, partitions, and lighting installations. This allowance is typically provided by the landlord and is expressed in dollars per square foot.
Tenant improvements (TIs) refer to changes or alterations made to office, retail, or industrial properties to meet the specific requirements of a tenant. These improvements can include the installation or relocation of interior walls or partitions, flooring, shelves, windows, and other fixtures.
