The tenant improvement allowance is the money a landlord contributes toward building out the tenant's space, and it's a material financial term — often tens of dollars per square foot. But the headline allowance number is rarely the whole story; the conditions, deadlines, and exclusions around it determine how much of it the tenant actually captures. A thorough abstract pulls all of it.
The Allowance Amount and Basis
Capture the TI allowance amount and how it's expressed — total dollars or dollars per rentable square foot. Per-square-foot allowances have to be multiplied against the correct square footage figure, which is why the premises fields (rentable vs usable square footage) matter for interpreting the allowance correctly.
The Conditions That Limit It
TI allowances come with conditions that an abstract must capture: what the allowance can be spent on (hard construction costs only, or soft costs too), the completion deadline by which improvements must be finished, the disbursement mechanism (reimbursement vs direct payment), and whether unused allowance is forfeited or convertible to free rent. Each of these can reduce the effective value of the allowance, and a tenant who misses the completion deadline can lose the unspent balance entirely.
Why It Belongs With the Dates
Because TI allowances carry a completion deadline, they connect to the critical-dates section of the abstract. The agent extracts the allowance amount, basis, conditions, and the TI completion date together — so the financial value and the deadline that governs it are captured as one term. It's demonstrated at omnionlinestrategies.com/ai-agent-cre-lease-abstraction.