Leasehold Improvements do NOT include ________.
A) painting and decorating of leased property
B) security systems added to leased property
C) bookcases built into walls of leased property
D) furniture used at leased property

Question

Quizplus · Accepted Answer

Leasehold improvements refer to any renovations or modifications made to leased property to make it more functional or suitable for the tenant's business operations. Furniture used at leased property is not considered a leasehold improvement as it is generally movable and not permanently attached to the property. Therefore, option D is not included in leasehold improvements.

Leasehold Improvements Do NOT Include ________