As brokers, we refer to this as “TI”.
Simply put, it is free financing. Some Landlords give tenants money that is interest free in order to help tenants fit out their new space. It is a huge help for the tenant and puts less pressure on their cash flow. Landlords cost this expense into their margins. It is a great negotiation tool for tenants as they get some cash assistance from the start and can outlay less capital. Most listed Landlords offer 1 month tenant installation allowance for every year that the tenant leases. In that case, a 3 year lease would give you 3 months worth of TI.
Ask Ash is a national property brokerage. We specialize in the leasing of offices, retail shops and warehouses throughout the Western Cape, Gauteng and PE. We are able to present stock, view properties, negotiate, submit signed offers and close a deal within 24 hours. We also provide our customers with 24 hour support, 7 days a week. Fast communication is key and we understand your need for speedy responses and efficiency. See what our customers think of our personalised broking service.
Remember that our services to you as a Tenant will always be free of charge, the Landlord pays our professional fee.
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