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Amortized TI Free Information On Amortized TI The amortized cost of your tenant improvements will be the cost over the term of your lease. To keep matters simple, if you are spending $60,000 to renovate your space, and your lease term is five years (60 months), include $1000 per month for the cost of tenant improvements. The actual cost will be higher to reflect the time value of money. Condemnation Plans? Research the possibility of a condemnation proceeding. Visit with the relevant city, county or highway department officials to determine whether there are any plans to widen any of the streets contiguous to the office building. If there are firm plans for roadway expansions, research the details thoroughly. Allowable Use? Office space is often subject to rules established by the landlord, deed restrictions and local government restrictions. Research these issues prior to investing much time or money on a space option. Criminal Activity? Finally, research criminal activity in the area for the office space you are considering. In many cases, it is apparent whether an area has a low crime rate or a high crime rate. However, considering the investment of time and capital necessary to build out space and move, it would be very disappointing to learn your office space was near a hotbed for criminal or gang activity shortly after moving. Crime Data Sources Options for researching criminal activity within an area include online crime reports, discussions with tenants at the property, and discussions with police officers who are active in the area. Next Chapter Leasing Office Space - Online
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