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Real Estate Glossary

Building standard plus allowance

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Written by Luis Escobar

In this type of arrangement, the landlord comes up with a detailed list of the building standard materials and essential costs that will make the premises appropriate for occupancy. Afterward, a negotiated allowance is provided for the tenant to upgrade or customize the materials.

In this type of arrangement, the landlord comes up with a detailed list of the building standard materials and essential costs that will make the premises appropriate for occupancy. Afterward, a negotiated allowance is provided for the tenant to upgrade or customize the materials.

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Luis Escobar

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