Real estate improvements to leased property contracted for, installed, and paid for by the lessee; and which may well remain with the real estate, thereby becoming an integral part of the leased fee real estate upon expiration or termination of the current lease, but which are the property of, and should be charged to, the current lessee who installs same. (Examples: lavatories installed by lessee in barber shop, special lighting, interior trim such as floors, wall-covering, dropped ceiling, built-ins, etc., as installed by lessee to an unfinished-on- the-interior "four walls and a roof" type leased building.)
Construction or improvements for the purpose of preparing the premises for a tenant to conduct business. Improvements permanently attached to the premises remain with the premises after the end of term of the lease.
as a tenant, in addition to insuring your inventory and equipment, you may have considerable investment in leasehold improvements. It may be that these were already in place but it is your responsibility to repair any damage to the leaseholds - check your lease! Make sure your policy limit reflects your obligation.
Improvements made to the leased premises by or for a tenant. Generally, especially in new space, part of the negotiations will include in some detail the improvements to be made in the leased premises by Landlord. See also “ Tenant Improvements”.
Additions to a rented premises made by the tenant, often in the nature of a fixture, which may be removed by the tenant at the end of the lease term if no damage ensues to the premises and if the lease permits.
Construction or improvements for the purpose of preparing the premises for the conduct of tenant's business. Improvements permanently attach to the premises unless they are trade fixtures, and they remain with the premises after the end of term of the lease.
Additions or changes to a rented building that are made by the tenant rather than by the landlord. The tenant will record the cost of these changes in the long term asset account Leasehold Improvements. The cost of these additions or changes should be depreciated over the remaining life of the lease. To Top
Modifications to a building that are made to accommodate a specific business. Some examples are: Draperies, partitions, paneling, counters, shelving, built-in compressed air systems, heavy duty electrical systems, etc.