Leasing Commission

TI/LC: Tenant Improvements / Leasing Commission In Commercial Real Estate

TI/LC: Tenant Improvements / Leasing Commission In Commercial Real Estate

A tenant improvement, or TI, refers to the improvements a commercial property owner makes to the interior of a rental space in order to suit the needs of a new tenant.

The leasing commission, or LC, is an amount paid by the owner of the property based on a percentage of the lease value.