Tips for Negotiating a Tenant Improvement Allowance

Negotiating a tenant improvement allowance takes some finesse. It is more than just numbers based on rentable square footage. If you are preparing for a tenant improvement allowance negotiation, there are some behind-the-scenes facts you should explore in order to get a fair and deserving TI allowance for your commercial build-to-suit renovation or business remodel.

Continue reading to learn some important tips for negotiating a tenant improvement allowance, including where to get trusted TI commercial renovation in Central Indiana.

Tenant Improvement Contractors Indianapolis Indiana 317-253-0531
Tenant Improvement Contractors Indianapolis Indiana 317-253-0531

The Small Details Matter in a TI Agreement

In many cases, it is the smallest details that matter the most in a tenant allowance agreement. Landlords are seasoned when it comes to these kinds of negotiations, so it is important to prepare yourself with the right knowledge; knowledge that protects your right to a fair and honest tenant improvement allowance deal. Look further than just square footage and rent data. Instead, equip yourself with facts about the real economics of the transaction.

Beware of Turnkey Agreements

Most tenants will look at a turnkey tenant improvement agreement as a great deal. But you should not be easily fooled by these offerings. Flat tenant improvement amounts that include a turnkey clause are always in favor of the landlord or property management company. They typically offer these kinds of flat tenant improvement allowances to save themselves money. This is another element of tenant improvement allowance negotiations you need to be aware of: construction control.

Control Over the Construction

Often times, landlords or property management companies aim to claim control over certain elements of the tenant improvement construction. By adding this privilege into their TI agreement, landlords can appointment themselves as construction manager and hire their own builders and contractors. This forces you to relinquish control over the quality of materials used, the competency of the labor, potential labor markups, and more. In the end, tenants are given allowances that do not meet their expectations.

Measure Correctly

Although numbers are the only thing relevant in a tenant improvement allowance negotiation, they are critical to the process, nonetheless. The numbers you want to focus on during the process is the size and square footage of your rentable space. Not only do these numbers have a significant impact on your tenant improvement amount, but also on your rent. Do not fall victim to having your space incorrectly assessed and measured. In some cases, commercial spaces are measured to have more common space than they actually have, which gives a tenant more TI allowance, but causes them to pay more in rent.

Landlord Ulterior Motives

You’ve likely heard the classic economist’s rule, “there ain’t no such thing as a free lunch.” As for negotiating a tenant improvement allowance with a potential or future landlord, keep this old adage in mind. The landlord only cares about their bottom line, so everything they offer in a tenant improvement agreement is likely being balanced out somewhere else in their books. Common landlord tactics for this include higher rent, aggressive rent increase schedule, and stricter lease conditions.

Would you like some help getting the best deal for your tenant improvement allowance in Indiana? Choose BAF Corporation as your one-stop-shop for commercial space planning and tenant improvement construction in Indianapolis, Indiana.

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What to Consider When Choosing Interior Paint Colors

If you’ve been there before, you know that choosing an interior paint color for your business or income property can take an obscene amount of time. But it really doesn’t have to! By learning a few short-cut strategies for choosing the perfect paint colors, you can cut your selection process time in half. And with these helpful tips, you can also say good-bye to paint color “trial and error” from now on!

Continue below to learn which factors to consider when selecting interior paint colors, plus who to trust for superior commercial drywall and painting services in Central Indiana.

Commercial Painting Drywall Indianapolis Indiana 317-253-0531
Commercial Painting Drywall Indianapolis Indiana 317-253-0531

Short-Cuts to Picking a Paint Color

Whether for your business, income property, or real estate development, you want to come back from the store with the perfect paint color selections that will deliver the look and feel you’ve envisioned for your space. But in order to do this efficiently, you will need to learn some useful shortcuts for selecting a paint color. Below are some tips for achieving this.

Consider the “Tone” of the Space

Start by considering the type of mood you envision for the space. If you are looking for a restful, serene ambience for lobbies, hallways, restrooms, meeting rooms, living rooms, or bedrooms, consider choosing softer tones like blues, grays, and taupe colors. But if you want a more vibrant feel for spaces like breakrooms, kitchens, or children’s’ playrooms, you might do well to consider brighter tones like yellows and reds. By defining the mood first, you instantly narrow down the selection of paint colors for the intended application. But be sure to also consider lighting when making your selection.

Find Details in Décor

Use the details you find in the surrounding décor to help you match a proper paint color. Perhaps you have a favorite painting or eye-catching bookcase, or maybe an area rug or awards collection? Use these favored items or focal points to help you decide on a palette for the room.

Match Your Furniture

If your interior space is already furnished, use the color schemes and textures of your furniture to help you find the right paint color for the walls and trim. However, if your space is not yet furnished, the best tips for choosing a paint color is to hold off! Wait until you have chosen your furnishing so that you can use them to narrow down your paint selections.

Test Your Color

Always test your paint color once you have chosen it. Take a small test sample with you and test it on a small corner or area of your space. Allow it to dry completely to achieve its true color, and then see how it looks with the surroundings. Generally, home improvement stores sell samples for a few dollars, while others might offer it for free.

Trust a Professional

Especially for commercial offices, landlords, and real estate developments, trusting a professional commercial drywall and painting company is the safest way to achieve the best possible outcome in terms of color schemes, finishes, and craftsmanship. The appeal and interior ambience of your business, regardless of industry, plays a large role in your overall success. Take the time to choose your interior and exterior paint colors with the help if a licensed and insured commercial contractor in Indiana.

Are you ready to spruce up your commercial property for the spring season with a drywall renovation and fresh paint job? Contact BAF Corporation at 317-253-0531 for commercial drywall and painting in Indianapolis, Indiana. We work with clients all throughout the state.

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How to Decide if You Can Afford to Remodel Your Business

When it comes time to seriously consider a commercial remodeling project, the key and communal question is, “can I afford a remodel right now?” If you are asking yourself whether or not you can fit a remodel into your current budget, you are not alone. For this reason, it is helpful for you to become more familiar on all that is required of you financially for your particular business remodeling goals. This will help you develop a rudimentary cost estimation, which will tell you if you can afford to remodel or not.

Continue reading to learn some considerations for achieving accurate cost foreseeability and budget analysis for a desired commercial business remodeling.

Business Remodeling Indianapolis Indiana 317-253-0531
Business Remodeling Indianapolis Indiana 317-253-0531

Fitting a Remodel into Your Company’s Budget

Financing

When you are sweating the upfront investment of a commercial office or business remodel, don’t. Many commercial contracting companies are willing to offer flexible financing packages and incentives that help business owners fit a remodel into the budget and ultimately, add value to their property. Whether interior or exterior, commercial construction financing can be the answer to your business remodel or renovation concerns. Take note that some commercial general contractors do not offer financing options. But there are still other types of financing options that may be available to you.

Loans and Refinancing

Banks are eager to help business owners succeed. Many will agree to provide a business equity loan for commercial remodeling purposes, especially if your business already has good credit and credit history. And don’t forget about property owner equity lines of credit, business equity loans, second mortgages, and even commercial contractor loans.

Talk to your banker to learn which, if any, loan options you qualify for, or your options for refinancing your business’s credit agreement. They will be able to examine your financial portfolio and make full-informed recommendations with your best interests in mind. You may even want to consider a separate company for a business equity loan or lines of credit.

Tenant Improvement Allowances

Tenant remodels and leasehold improvements are much different from conventional commercial construction projects since they are intended to be an investment for a business owner. Tenant improvement (TI) allowances are sums of money made available to tenants by the landlord to cover some of the cost of needed remodeling work. Such allowances are usually stated on a per-square-foot basis, and most common for new spaces since more renovations are needed to finish the project. Check with your commercial management company or landlord to see if you have TI benefits.

Seek Out Professional Advice From a Commercial General Contractor

Talk to an experienced commercial construction company in Indiana to determine how to plan and organize your remodeling budget. An Indianapolis commercial general contracting team will be able to help you find affordable alternatives and cost-cutting advice that will get you the upgrade your business needs!

Are you looking for superior commercial remodeling in Indy, but you are not sure where to begin? Contact BAF Corporation at 317-253-0531 for superior commercial general contracting services in Indianapolis, Indiana. We work with clients all throughout the state.

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How to Lease the Right Office Space

Whether you are planning to move your business or open a new location, choosing the right office lease will help set you and your staff up for success. Continue below for some helpful tips on how to lease the right office space that meets your needs, including your budget and overall business objectives.

Commercial Office Space Planning Indianapolis Indiana 317-253-0531
Commercial Office Space Planning Indianapolis Indiana 317-253-0531

Top Considerations for Leasing New Office Space

When you think about moving or opening a new office space, you want to set your focus on how your staff will feel and function. You also want to set this focus on your clients if your business serves customers on-site. Employee contentment and morale plays an important role in their overall productivity. Higher staff productivity improves your business’s bottom line.

Aside from making your staff comfortable, you want to also set them up with the proper design and resources that allow them to perform their duties to the best of their ability, and with optimal efficiency. These too can help improve your bottom line. You will want to think about your office’s size and square-footage, as well as its design, location, amenities, accessibility, budgets, and more.

For these reasons and more, it is vital to choose the right office lease and space that can adequately meet the current and future needs of your business. Here are some tips on how to narrow your office space lease options down to the ones that best fit your business objectives:

Consult With Managers and Team Members

You are not the only voice that matters when it comes to moving office locations. To ensure you find the office lease that best fits your business’s needs, you should solicit input from your managers and staff members. They may have a unique viewpoint on the office’s needs or offer suggestions on how to improve their productivity. Ask them to list their concerns and priorities, then review each list with them to open a discussion.

Take a Staff Survey

Implementing a staff survey is a great way to identify office priorities and areas of improvement. You can choose to conduct this assessment online via email, in person, anonymously, or as a requirement. Ask your staff and management teams how they commute to work, what they like most about the office, what they like least, what they think can be improved, if their workstation is comfortable, and so forth.

You can also ask them if they would run errands or visit other types of businesses on their lunch hour, before work, or after work, like fitness studios, grocery stores, and restaurants. This information can give you an idea of where to look for potential office space. For instance, you might look for office space with an open floor plan and more natural lighting, or near an easy highway exit or popular shopping center.

Think About the Present and the Future

As mentioned, you will want to consider the current needs of your business, as well as the future expected and unanticipated needs. This includes your budget, procurement, staffing, resources, facility maintenance, expansion, and more. These elements can be easily planned and organized with the help of a licensed space planning contractor in Indiana. For instance, you want to choose an office space that can accommodate your current load of business, as well as more business in the years to come. If you are thinking about expanding your operation, you will want to make sure the space you choose is compatible with conversion or remodeling work.

Be Patient

It is important to be patient and take your time during the office space search process. Not only do you want to look at as many spaces as you can, but you will also need to make multiple office lease offers. Ultimately, you want landlords to compete over your business. Talk to the landlords and interview them about their lease agreements, plus introduce yourself to potential neighbors who might give you some insight on the area or building. Do not be afraid to bring your commercial general contractor with you to look at potential office space if you know you will need to implement some degree of remodeling or construction. They can help you identify good and bad locations.

Are you looking for new commercial office space in Indiana? Contact BAF Corporation at 317-253-0531 for superior space planning and permitting in Indianapolis, Indiana. We are experts in office and commercial use construction, as well as tenant improvement remodeling and facility maintenance. We serve commercial and industrial clients all throughout the state.

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3 Easy Options for an Open Concept Office Floor Plan

Does your commercial office lack the open-concept floor plan you’ve always wished for, but you aren’t in a position to move locations? Well, you might be happy to know that you don’t always have to move into a new building or lease a new space to get the open layout you so desire. In fact, you may be able to remodel your current office floor plan.

Before getting started, it is important to discuss your office remodeling ideas with a licensed commercial general contractor who can assist you in finding the proper renovation for your particular space. They can let you know if your commercial office space is a good candidate for open floor space renovations, which remodels or renovations are right for your property, and whether your lease includes a tenant improvement allowance.

Continue reading to learn some easy ways to give your existing commercial office space a more open-concept feel, plus who to trust in Central Indiana for superior commercial remodeling and TI work.

Indiana Commercial Office Remodeling 317-253-0531
Indianapolis IN Commercial Office Remodeling 317-253-0531

Open Concept Tips for Commercial Offices

Looking for an easy and relatively quick way to transform your office into an open-concept floor layout? Perhaps one of these 3 options will suit your commercial remodeling needs!

Non-Load Bearing Walls

A commercial general contractor can point out which walls are load-bearing and which ones are not. The walls that are not load-bearing can be torn down in a strategic and artistic way to add more space to any room. Conjoining rooms by tearing down walls is an invasive remodeling project, but with professional assistance, it is generally easy and organized work.

It is important to use a professional commercial general contracting company in Indianapolis to tear down walls because they can accurately locate and work around gas pipes, electrical wires, load-bearing walls, and more. You want all your work to be up to code with the local municipality as well, which a licensed and certified commercial general contractor can guarantee.

Archways

If you are looking for a more open feel for your commercial office layout, but you dislike the idea of a full-o, invasive remodel, consider making small but stately adjustments, as these can make a big difference in appearance and fee, plus fit the budget nicely. Adding an archway above interior doors provides instant gratification because it gives off an illusion of more space. Additionally beneficial, construction for archways is pretty minimal and requires less drywall work and less labor time. 

Accent Walls and Space Division

If construction, drywall work, and remodeling are nowhere near your budget, there are more cost-effective methods for creating the illusion of a more open floor plan for yourself and your staff. A popular, go-to interior design hack is to add an accent wall in certain areas of the office, particularly smaller, confined spaces or small rooms. This creates a feel of difference and division.

On the subject of floor plan division, dividing room space is another cost-effective interior design method that creates the feeling of more space. Try adding crown molding on the walls of one space to separate it from other areas of the office. This is inexpensive and does not take much time to install. All of these options can even be done on your own, which is even more cost-effective.

Are you looking for a qualified commercial general contractor to deliver a functional and appealing interior remodel within your TI allowance or office remodeling budget? Contact BAF Corporation at 317-253-0531 for superior commercial remodeling and tenant improvements in Indianapolis, Indiana. We serve clients all throughout the state.

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Important Repairs to Make Before Listing Your Commercial Office Space

There is really no limit to the number of repairs you can make to your commercial office space for the purpose of increasing its appeal to potential tenants. However, making all of these renovations is not realistic, nor is it in the budget. Instead, it is wiser to pick and choose the most effective repairs you make to maximize your cost-savings and return on investment.

Continue reading to learn the recommended major and minor repairs to consider before officially listing your commercial office space on the real estate market.

Commercial Office Renovations Indianapolis Indiana 317-253-0531
Commercial Office Renovations Indianapolis Indiana 317-253-0531

Minor Repairs for Commercial Spaces

Turn-Key is the Goal

Commercial tenants are almost always looking for a turn-key property. If they aren’t, they are still always impressed by a freshly renovated and refreshed office space. For these reasons, repairing minor drywall damage and repainting your commercial office space are fantastic and profitable investments. Such renovations will make your commercial property more appealing to potential tenants.

Interior Paint Colors

When choosing paint colors, be sure to stick with neutrals, like beige, taupe, tan, and gray. These colors are more inviting and open up small spaces, but also allow potential tenants to imagine their personal touch. Furthermore, neutral colors are more calming for staff, which can improve employee contentment, and ultimately, employee productivity. All of these benefits are appealing for business owners looking for new commercial office space.

Fixtures and Focal Points

It is important to address any opportunity for improvement when it comes to the hardware, fixtures, and focal points of your commercial space. Floors and carpeting are often the first thing people see when they check out a new rental space. Steam cleaning all carpets and buffing or waxing the floors are excellent and effective strategies to enhance the appeal of a listed property.

Additionally, consider replacing or upgrading hardware on cabinets, plumbing fixtures, light fixtures (both interior and exterior), outlet covers, and intercoms. These small modifications can have a significant and lasting impression on a potential commercial tenant.

Exterior Building Care

As soon as a potential tenant approaches your building or office space, they will form an opinion before entering through the doors. Curb appeal plays an important role in attracting new commercial tenants. Consider exterior renovations like power washing the siding, exterior, and localized pavements, as well as a fresh exterior paint job, landscaping additions, and perhaps even new signage.

Major Renovations for Commercial Spaces

When it comes to selecting the most important or profitable major commercial office renovations, it is best to consult a commercial general contracting company in Indiana for an accurate assessment of your property. Safety is the number one concern, followed by liability and investment protection. This means it is important to fix anything that can jeopardize these areas in the short or long run.

Examples include roof repairs, siding repairs, plumbing repairs, crawl space and attic repairs, foundation repairs, and water leaks. Additional areas to examine when it comes to major commercial building repairs and renovations include security installations, fire suppression systems, touchless technology, electric gates, parking lots, parking garages, fencing, patios, underground pools, lawn drainage, container service, and wildlife control.

Professional Commercial Office Remodeling and Renovations

Once you decide which repairs are most important to your property, it is time to hire a professional Indianapolis commercial general contractor for all your commercial construction and facility maintenance needs. Be sure to choose a licensed and insured commercial remodeling company with sufficient experience in the building and construction industry. They should have the knowledge, skills, and resources to undertake your commercial renovations, plus complete the job in a time frame that is convenient for you.

Are you ready to spruce up your commercial space and attract new tenants? Contact BAF Corporation at 317-253-0531 for superior commercial office construction in Indianapolis, Indiana. We work with clients all throughout the state.

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Cost Cutting Advice for Commercial Renovations

Whether business owner or real estate developer, cutting costs is always a top priority. When it comes to planning important commercial renovations, the resolve couldn’t be more valid. There are many ways to save money on commercial remodeling work, so long as you have the right knowledge and resources. A qualified and seasoned commercial general contracting company can help navigate all aspects of your commercial renovation needs, regardless of size or scope. They are also there to give you the direction if you are not yet ready to move forward with planning or construction.

In addition to consulting with a professional, you can review the cost cutting advice for commercial renovations, below.

Indianapolis IN Commercial Renovations 317-253-0531
Indianapolis IN Commercial Renovations 317-253-0531

Your Top Priority is to Choose a Qualified Contractor

The best decision you can make for your commercial renovation is the Indiana commercial construction company you hire. The skills, knowledge, insurance coverage, resources, and quality control standards of commercial general contracting businesses vary greatly. It is important to do your research and take your time speaking with difference companies before moving forward with contracted work.

With the right team of professionals on the job, you can rest assure that your renovation will be implemented with the most precise budget analysis, cost foreseeability, and procurement control strategies. Optimize your budget with professional commercial construction services.

Be Reasonable and Realistic When Setting a Budget

Although many might not realize it at first, budgets tend to be formed with a heightened degree of hope, wishful thinking, and justification. But if you really want to cut costs during a commercial renovation, it is important to be realistic about your budget from the start. This rule includes adding in an extra allowance for unanticipated expenses. As mentioned, your reputable commercial construction company can facilitate budget analysis and generate cost foreseeability charts to sure your budget is reasonable and most importantly, viable.

Recycle and Reuse Building Materials

Resourcefulness is cost-effective, no matter how you apply it. For commercial renovation cost cutting purposes, consider reusing as many existing materials as possible, so long as they are up-to-code and fully-salvageable, like HVAC systems, plumbing, furnishings, windows, and doors. Additionally, recycling leftover building materials, like plumbing fixtures, piping, rebar, copper wiring, metal roofing, metal siding, and generators can bring in some extra cash, which can reduce your total expense for the renovation.

Are you searching for professional commercial general contractors for your business remodel or renovation? Contact BAF Corporation at 317-253-0531 for qualified commercial general contracting in Indianapolis, Indiana for commercial remodeling you can trust.

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3 Approaches to Updating the Modern Workplace

Every office or workplace will need a bit of updating at some point in time. If this year is the year to remodel your office or workplace, be sure to keep your focus on function and modernization. Continue below to review the top 3 approaches to commercial interior design and remodeling for the modern workplace, as well as where to get superior commercial general contracting in Central Indiana.

Commercial Remodeling Indianapolis IN 317-253-0531
Commercial Remodeling Indianapolis IN 317-253-0531

Commercial Interior Design and Remodeling

Because the average workplace in this day and age is ever-evolving, it is often necessary to adapt to the continually-changing needs of your business and staff. Smart commercial interior design and remodeling can enhance your workplace function, thus saving money and energy, and improving worker productivity and contentment. All of these enhancements can have a positive effect on your bottom line.

Before you begin the commercial interior design and remodel planning process, there are some key considerations to keep in mind. The top 3 approaches to updating the modern office involve technology upgrades and incorporation, floorplan reconfiguration, and interior painting and drywall.

Technology Upgrades and Integration

There are several new technologies available that can instantly enhance the overall function and success of a business. From record keeping and payroll application software to touchless, hands-free technology, solar energy solutions, IP tech, security systems, and more, the options for optimizing your workplace in all areas and aspects is virtually endless.

Workspace and Floor Plan Reconfiguration

Offices are starting to take on new floor plans and workspace options to enhance overall client satisfaction and staff productivity. By rethinking the way your employees or clients interact and perform their daily work duties, you can achieve a more modern and efficient workplace environment. Consider realigning cubicles in small clusters rather than in long sequences; or eliminating cubicles altogether and opting for open and shared workspaces, like round tables, desks, couch and chair seating areas, outdoor workspaces, and similar ideas. These floor plan changes can give staff the option to work together on projects as a group or independently.

Interior Drywall and Painting

One of the most basic, yet impactful, approaches to updating an office or workplace is fresh paint. Nothing gives quite the same impact as freshly finished, level-5 drywall work and interior commercial painting. These days, the modern office trend is bold, but not bright. Consider color families that make your workplace feel organized and serene, such as grays and earthly neutrals.

Would you like to learn how you can enhance your business’s success through strategic and smart commercial interior design and remodeling in Central Indiana? Contact BAF Corporation at 317-253-0531 for licensed and insured commercial remodeling in Indianapolis and its surrounding counties. We specialize in office and commercial use construction.

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What You Should Know About Signage Rights as a Commercial Tenant

Many in the industry would agree that branding is an essential, if not central, element to growing a successful business. One of the most effective and traditional methods of business branding is signage. Having the name and logo outside of your business is a valuable branding approach that influences potential consumers, plus retains the loyalty of your current clients.

But if you do not own your own building, your rights to signage may not be as clear cut as you would expect. As a commercial tenant interested in adding signage for your business, there are some important considerations you must keep in mind before signing a commercial lease or moving forward with signage procurement and installation.

Continue below to learn what you need to know about signage rights for commercial tenants.

Commercial Contractors Indianapolis Indiana 317-253-0531
Commercial Contractors Indianapolis Indiana 317-253-0531

Commercial Tenant Signage Rights

If you are a new or potential commercial tenant, it is important to understand that signage rights are not guaranteed. There are some commercial landlords that do not permit signage on the outside of their building or marque, and others that only allow signage within strict design and color restrictions for the purpose of uniformity.

It is also common for commercial landlords to have preexisting agreements with other tenants that impose a restriction of some kind on new tenants’ rights to business signage. In some cases, it is not up to the commercial landlord at all, as local zoning laws can also prohibit signage, or the amount of signage on or around buildings.

Negotiating Business Signage With a Commercial Landlord

Because the rights and perimeters of business signage are more complex for commercial tenants, it is wise to always inquire about business signage before signing a commercial lease. As a commercial tenant, you may be able to negotiate your signage rights if the current lease does not offer what you are looking for.

If you are already in a commercial lease, you can wait until your lease is up for renewal, and then have signage rights added to the lease. It is vital to have your negotiated or amended signage rights spelled out in writing in your lease agreement.

Common Types of Business Signage Arrangements:

Shared Building Signage

If a commercial building is shared by two tenants in equal ways, a landlord may agree to or permit a shared building signage system. With shared building signage, both commercial tenants can display their business signage on the building’s facade. This is a common signage arrangement in the commercial real estate industry.

Exclusive Building Signage

In some cases, a commercial landlord will agree to give a tenant exclusive building signage rights. This means that commercial tenant is the only business displayed on the outside of the building. This signage arrangement is most common in commercial buildings that only have one tenant or space for one tenant.

Exclusive Monument Signage

Many commercial buildings have monument signs on the outside of the parking lot or street. In such leases, it is common for landlords and tenants to adopt an exclusive monument signage arrangement. This would permit the tenant to display their business signage as a stand-alone sign or within the monument signage out front. This is most commonly reserved for key commercial tenants.

Are you looking for a trusted commercial general contractor to help you plan out your upcoming business move or redesign? Contact BAF Corporation at 317-253-0531 for superior commercial general contracting services in Indianapolis, Indiana.We serve commercial and industrial clients all throughout the state.

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Who Pays For a Commercial Interior Build-Out?

Are you preparing to start a new business and need commercial space? Or are you a current business owner looking to relocate your company? Either way, you will likely be in need of a commercial interior build out. After all, commercial space doesn’t come ready and equipped to support your business’s specific operational needs.

Continue below to learn what you need to know about interior build out tenant improvements, including a financial responsibility breakdown that explains who pays for what.

Commercial Interior Build Out Indianapolis IN 317-253-0531
Commercial Interior Build Out Indianapolis IN 317-253-0531

What is a Commercial Interior Build Out?

Commercial interior build-outs are also referred to in the industry as tenant improvements (TI) or commercial leasehold improvements. When you are on the market for a new commercial space, it is very rare to find one that meets all of your needs. From interior design and structure to power fittings, mechanical systems, and more, the majority of commercial spaces require some extent of renovation to personalize the space for the new commercial tenant. This type of commercial renovation is known as an interior build out.

Financial Responsibility Analysis

When it comes to commercial interior build-outs, you might be wondering if the landlord is financially responsible. Since there are many ways for a commercial tenant and landlord to delegate financial responsibility between them in the case of TI improvements, the answer to this inquiry varies depending on many factors.

Here are some possible scenarios on how a commercial interior build-out is financially covered:

If the landlord believes that the new tenant will be a significant asset and bring in more value than other potential tenants, they may cover the entire cost of the interior build out. They may do so by paying the Indiana commercial general contracting company directly or reimbursing the tenant at the completion of the project. Most often, tenants are reimbursed. This protects the landlord from a tenant who changes their mind after the renovations are done.

In another possible scenario, the landlord and tenant might decide to share the leasehold improvement costs a specified ratio. There are a few ways they do this. A landlord can include a tenant improvement allowance in the commercial lease based on square footage, and any renovation costs that exceed that allowance are the tenant’s responsibility. Or the landlord might offer a reduced rent fee or free rent for a specified period of time. These are referred to as rent-concessions.

Are you looking for a qualified and experienced commercial general contractor to deliver an exceptional interior build out within your TI allowance or budget? Contact BAF Corporation at 317-253-0531 for superior commercial remodeling and tenant improvements in Indianapolis, Indiana. We serve clients all throughout the state. Request information or schedule a bid, today.

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