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Real Estate vocabulary · Commercial Real Estate

Fit-out

Meaning in real estate, with examples

nounAdvanced term

In real estate, fit-out means: The work of preparing the inside of a commercial space so it can be used, such as building walls and ceilings and installing lighting, cabling and kitchens.

In Turkish: iç mekan uygulaması, tefriş, fit-out

How it is used

British and international English; Americans often say tenant improvements (TI). Offices may be let as shell and core, with the tenant paying for the fit-out, or fully fitted. Landlords sometimes offer a fit-out contribution or a rent-free period.

Example sentences

  1. The fit-out will take about three months before we can move in.

  2. The landlord offered six months rent-free to cover part of the fit-out costs.

Common collocations

  • office fit-out
  • fit-out costs
  • Category A fit-out
  • fit-out contractor
  • shell and core
  • office spaceRooms or floors in a building used or available for office work, usually leased to companies by the square foot or square metre.
  • retail spaceCommercial property used for selling goods or services to the public, such as shops, showrooms and units in shopping centres.
  • leaseA legal contract in which an owner lets a tenant use a property for a fixed period in return for rent, setting out the rights and duties of both sides.
  • commercial real estateProperty used for business rather than as a home, such as offices, shops, warehouses, hotels and factories.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Commercial Real Estate

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