tenant improvement (TI)

Definition

Positive changes to property made by renters or people working for them.

Use this term in a sentence

The tenant improvement experienced at the property was likely due to the type of relationship the landlord had with the tenants.

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The lease provides that all tenant improvements shall revert to the landlord at the end of the lease term without additional consideration.

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Many renters left a mess when they moved out, but the people in apartment 22 had installed bookshelves, recessed lighting and a skylight, among other items of tenant improvement.

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effective gross rent (EGR) tenant improvement allowance