Improvements to leased property. (These charges are to be amortized over the expected service life of the improvement or the remaining life of the lease, whichever is shorter.)
Improvements made by the lessee. The term is used in condemnation proceedings to determine the portion of the award to which the lessee is entitled.
Improvements to leased property that become the property of the lessor at the end of the lease.
Things such as walls, air conditioners, and shelves that are added to leased space.
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.