Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

Building Standard Plus Allowance

The landlord lists, in detail, the building standard materials and costs necessary to make the premises suitable for occupancy; a negotiated allowance is then provided for the tenant to customize or upgrade materials.

Source: NCREIF | Date: 02 September 2025 | ID: D0957 | Version: 1