Leasehold Improvements

Leasehold Improvements

Leasehold Improvements means:
fixtures attached to real estate that are generally acquired and installed by the lessee. Upon expiration of the lease, the tenant can generally remove them, provided that such action does not damage the property or conflict with the lease. For example, the cabinets, light fixtures, and window treatments of a retail store in a leased building are leasehold improvements. Leasehold improvements are depreciated over the same depreciable life as the property they improve.


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