Who typically bears the cost of tenant alterations and remodeling above the building standard?

In typical leasing arrangements, the leasee, or tenant, is generally responsible for the costs associated with alterations and remodeling that exceed the building’s standard specifications. This arrangement is common because tenants often seek to customize their rental spaces to suit their specific needs or preferences, whether for aesthetic reasons, functionality, or business requirements.

When a lease agreement is signed, it usually outlines the terms regarding alterations. If the changes are beyond the standard condition of the property that the landlord provided, it is the leasee's responsibility to cover those additional costs. This understanding ensures that landlords are not financially burdened by tenant-specific improvements that may not add value to the property for future tenants.

The other parties mentioned, such as the landlord, property manager, and property owner, typically have roles that involve overseeing or maintaining the premises, but they do not usually bear the expense of enhancements that are initiated by the tenant for their individualized use. Therefore, while the landlord may approve the changes, it is ultimately the leasee who covers the costs associated with those specific alterations and remodeling efforts beyond the agreed-upon standard.