Tenant allowance. It’s exactly what is sounds like; money for new tenants. A common misconception about tenant allowance is that only national businesses are the ones that can receive it. However, in reality anybody can get tenant allowance if they know how to ask for it. Is tenant allowance similar to free money? Well, it depends. First of all, there are restrictions when using tenant allowance and there is an appropriate way of spending it. Businesses need to justify their proposals. Mall leasing representatives are looking for cases where the allowance will contribute to the location through remodeling or constructing new advancements.  Need to fix the plumbing in the bathroom? Want to reconfigure the space? Remodel the layout? Tenant allowance is subsidized income that allows businesses to renovate the appearance of their space. Some limitations include not being allowed to purchase fixtures, equipment, inventory, etc., because all of these items can be taken by the tenants when the lease is up. Tenant allowance is also limited to certain build outs. By negotiating for tenant allowance in the proper way tenants can acquire enough money to fulfill all of their spatial needs with as little out of pocket expenses as possible.  Call us for a free 1-hour consultation!