Fit-out Contribution is granted by the landlord. The tenant should not bear the full cost of office space fitting and furnishing, and the landlord is usually willing to grant a contribution of a specific amount.
Office and warehouse space is usually handed over to tenants in a condition that – in terms of the floor plan or furnishings does not fit their vision or need. Such space needs to be refurbished or – in the case of new buildings – fitted out to suit the tenant’s needs.
Like the rent-free period, fit-out contribution is a type of incentive granted by landlords to new tenants. The fit-out contribution is a popular and widely used incentive which reduces the tenant’s cost of office fitting. We will be happy to assist you with negotiating the best terms and incentives, such as a fit-out contribution.
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