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Headings: 
Are painting and decorating rental property improvements?
1 Best answer
Carl
Property Improvement.
Cleaning & Maintenance
Repair
8 Replies
Carl
Property Improvement.
Cleaning & Maintenance
Repair
Carl
Carl
Carl

Content: The below definitions should help clarify things for you. RENTAL POPERTY ASSETS, MAINTENANCE/CLEANING/REPAIRS DEFINED
Property Improvement. Property improvements are expenses you incur that add value to the property. Expenses for this are entered in the Assets/Depreciation section and depreciated over time. To be classified as a property improvement, two criteria must be met: 1) The improvement must become "a material part of" the property. For example, remodeling the bathroom, new cabinets or appliances in the kitchen. New carpet. Replacing that old Central Air unit. 2) The improvement must add "real" value to the property.