TIs

TIs
USA
In a leasing context, the alterations performed in the leased premises for the specific needs of the tenant. TIs may be new improvements in connection with an initial build-out or remodeling. TIs are negotiated in the terms of the lease (or lease amendment) and can include:
•New flooring or carpeting.
•Installation or demolition of interior walls or partitions.
•New bathrooms.
•Construction of new meeting facilities.
•Installation of interior staircases.
The allocation of construction costs associated with TIs are also negotiated by the landlord and tenant. For example:
• Either party can pay for all of the TI costs.
• Either party can be responsible for the TI costs up to a specified dollar amount and the other party is then responsible for the remaining balance.
• The TI costs can be allocated between the parties where each party agrees to pay for a certain percentage of the overall TI costs.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • tis — (it is) it is …   English contemporary dictionary

  • tisəkləmə — «Tisəkləmək»dən f. is …   Azərbaycan dilinin izahlı lüğəti

  • TIS — may mean: * Thermal Imaging System * Tautanga Intermediate School, a state intermediate school in Tauranga, New Zealand * Travelers Information Stations * Trusted Information Systems * Truth in Science * Twenty Inches Strong, a brand of wheels… …   Wikipedia

  • TIS — steht für: Polikarpow TIS, ein sowjetisches Jagdflugzeug Technical Information System, eine herstellerspezifische Software für Kfz Werkstätten Tool Interface Standard Total Integrated Scatter, über die Halbkugel integrierter Anteil des Lichts,… …   Deutsch Wikipedia

  • tis — s.m. v. tisă. Trimis de camelia.soare, 13.09.2007. Sursa: DEX 98 …   Dicționar Român

  • 'tis — [ tız ] short form LITERARY it is …   Usage of the words and phrases in modern English

  • 'tis — abbreviation of it is, first recorded mid 15c …   Etymology dictionary

  • tis- — *tis germ.?, schwach. Verb: nhd. auffasern; ne. fray (Verb); Etymologie: unbekannt; Literatur: Falk/Torp 164 …   Germanisches Wörterbuch

  • tis — sb., set …   Dansk ordbog

  • TİS'ÛN — (Tis în) Doksan, 90 …   Yeni Lügat Türkçe Sözlük

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”