Explanations Basic and tenant fit-out
Demarcation basic fit-out tenant fit-out
Basic expansion
The basic fit-out is primarily understood to be costs that are incurred with the construction of the property. The basic fit-out of a commercial property includes the fully constructed property, with the exception of the rental space (HNF), which is constructed in the shell (after completion of master builder's works).
Tenant improvements
Tenant fit-out basically refers to the interior fit-out and tenant-specific fittings in rented spaces.