Responsibilities Owner Have for Tenant Improvements of Minneapolis Properties
As the owner of a property, you are responsible for the building your tenants occupy.Maintenance and updates to many different structural elements and building features come with that territory. You want to ensure that all repairs and maintenance to building systems occur in a timely and efficient manner. Tenant improvements run the gamut from:
- Air conditioning
- Floor and wall coverings
- Fire protection
Types of Tenant ImprovementsWhenever changes are made to your building, you are boosting its overall value and extending its business life. Whether you are renovating the lobby, putting in a new game room, or constructing a unisex bathroom in your hallways, it shows you care about the property and your tenants. Tenant improvements in Minneapolis tend to fall within one of three types:
- New businesses locating to a previously unoccupied tenant space
- A new business locating to a previously occupied tenant space
- Expansion or modification of an existing business
Improving a Previously Occupied Tenant SpaceIn tenant improvement cases involving a new business in an originally unused space, many issues need to be considered. These include, but are not limited to, whether the planned business is allowed in that location, what extra tenant improvements may be required, and what costs will be involved. In addition to these considerations, it is also important to be aware of any other requirements the city of Minneapolis has. For tenant improvements involving a new business moving into a previously occupied tenant space, it must first be determined if that type of business can occupy the space. Other considerations include how the new business will utilize the space and what structural changes the venture includes, and whether or not additional tenant improvements will be called for. The third type of tenant improvement—an expansion or modification of an existing space—may call for major interior improvements, construction of new walls, or even creating additional square footage to meet the needs of the tenant.
Tenant Improvements by Titus ContractingWhen Titus Contracting takes on a commercial tenant improvement job, we work with you to ensure the finished project is everything you need it to be. We understand the local codes and what needs to be done to complete a job on time and on budget. We are here to help you and guide you through each phase of the project, so you and your tenant are pleased with the finished product. If you are looking to make tenant improvements in the Minneapolis area, give the pros at Titus Contracting a call today at 952-746-7817 or Contact Us.
Written by Scott Rajavuori on December 4, 2010