Modernizing refers to making various improvements and updates to a property, such as installing new equipment, making cosmetic enhancements, and removing outdated features. This process enhances the functionality and aesthetic appeal of the property.
A Tenant Finish-Out Allowance, also known as a Tenant Improvement Allowance, is a sum of money provided by a landlord to a tenant for the purpose of customizing and improving the leased space to meet the tenant’s needs.
