Management Glossary

  Search Results: leasehold improvements
leasehold improvements

Any additions or improvements made to a leased property or other leased asset by the company or individual that leased it (the lessee). For accounting purposes, leasehold improvements are usually not recorded as expenses, but rather as assets that are amortized over the term of the lease. At the end of the lease, the leasehold improvements typically become the property of the owner of the property (the lessor).

Contributed by: Managerwise Staff
See: amortization, asset, lessor, lessee

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