Negotiate Responsibility for Capital Improvement Expenditures in Lease

May 15, 2015
| Share | Print

In order to make a building or shopping center operate efficiently, owners must from time to time make “capital improvements”—that is, improvements that have a relatively long “useful life” and which the owner can depreciate for tax purposes. Things like repaving parking areas or driveways, replacing a roof, or constructing new additions to the building are considered to be capital improvements.

Full Article Access:

Full access to complete articles from Commercial Tenant's Lease Insider is for subscribers only.

Not yet ready to subscribe?