Title: What are leasehold improvements? definition and meaning - BusinessDictionary.com
Headings: leasehold improvements
leasehold improvements
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Content: What are leasehold improvements? definition and meaning - BusinessDictionary.com
leasehold improvements
Definition
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Improvements performed on a leased property, such as additions, alterations, remodeling, or renovations. For accounting purposes, all leasehold improvements are capitalized (recorded as an asset with a corresponding liability) and amortized over the remaining life of the lease term or the life of the improvement (whichever is shorter). Upon termination of the lease, such improvements normally become the property of the owner (lessor) without any cost or obligation.