Tenant improvement, also known as TI, is a physical adjustment made to rented spaces for the tenant's benefit. It includes enhancements like constructing walls and ceilings, adding fire protection measures, installing energy-efficient lighting, or even a complete interior renovation.

If 're considering renting a property on a tenant build basis, it's crucial that you understand how this type of arrangement works. Below are the three most common TIs that you should know.

1. Tenant Build

Tenant build is a type of construction arrangement in which the renter has complete control over the project, from hiring a contractor and choosing the layout for the property to picking out materials. It's a great option for people who are looking for more customization in their new home.

In this setup, the landlord isn’t directly involved in the build process. The renter is completely in charge of everything, and they will be responsible for any delays or issues during construction.

2. Turnkey Project

In a Turnkey Lease, the tenant and landlord agree to establish strategies and work together to achieve maximum efficacy. Even if the landlord agrees to pay for the job, the renter is liable for any additional costs incurred related to possible delays or program changes.

The benefit of this lease agreement is that it ensures that all parties are working towards common goals and objectives. It also provides an opportunity for both parties to come up with a plan that works best for their situation.

3. Landlord Construct With Allowance

This is a specific construction contract where the renter and the landlord sign a lease agreement to create developments of a particular volume. In this arrangement, the landlord will be in charge of choosing the contractor and design firm. In such instances, the tenant is only responsible for charges not specified in the contract.

Hire a Professional Contractor for Your Tenant Improvement Project

If you're looking for a tenant improvement contractor in Idaho, look no further. At Treasure Valley Remodel and Restoration, we have extensive experience working with landlords and tenants to ensure projects are done on time, on budget, and with the highest quality standards.

Whether you're looking for a full-fledged TI or just a few minor fixes, our expert team will work with you to meet your needs. Get in touch with us today!