[Soterik]

Own an old commercial building (small) with 4 ground floor retail tenants, and 2nd floor office space. Its in a very vibrant community in Seattle. One of my retail tenants wants to do some upgrades, and we are midway on a 3 year lease, and she's looking for a contribution. Her business is so-so, but my other 3 tenants are doing very well, and the community is very strong.

Is there any factor of tenant improvements you do mid lease? I can't find anything online that indicates anything a "percentage" annually or anything like that. I've helped her in the past on a lighting upgrade (2 years ago).

Other notes: Just got through doing a major upgrade on the 2nd floor, including refinishing floors, new wallboard, major wiring upgrade to attract high tech tenants, and we've almost filled it back up in the last 6 months. All this was major $.

Currently all the rent $ goes to the 24/7 care of my 92yo father with dementia (mild for now). All improvements are coming out of my backpocket and dad's holdings, and we've broken the bank in the last year on the 2nd floor work. But it all needed to be done. No mortgage on the property.

Nobody else in the building asks for $, I do fixes quickly (bathrooms, electrical, heat etc).

Any help appreciated on a formula, or?

Thank you!