Question

Can a lessee ever make improvements to property without the lessor being charged?

Can a lessee ever make improvements to property without the lessor being charged?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

YES, a lessee ever make improvements to property without the lessor being charged. Necessary improvements can provide the lessee the right to be reimbursed. Improvements can be necessary, luxurious , or useful. The luxurious and useful improvements can be removed by the lessee before they vacate the premises, however the property must be returned to lessor undamaged. Thus a lessee can make improvements to the leased premises to enhance the uage and enjoy the benefits (example lay new carpets) however the lessee is not entitled for making any major structural alterations without seeking the lessor's permission

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A lease where the lessee has to turn over the property to the lessor at the...
A lease where the lessee has to turn over the property to the lessor at the end of the lease is a/an:
Lessee Corp. agreed to lease property from Lessor Corp. effective January 1, 2018, for an annual...
Lessee Corp. agreed to lease property from Lessor Corp. effective January 1, 2018, for an annual payment of $30,877, beginning January 1, 2018. The property is made up of land with a fair value of $120,000 and a two-storey office building with a fair value of $250,000 and a useful life of 25 years with no residual value. The implicit interest rate is 7.5%, the lease term is 25 years, and title to the property is transferred to Lessee at...
Lessor leasing company agrees to lease equipment to Lessee corp. on Jan 1, 2019, both Lessor...
Lessor leasing company agrees to lease equipment to Lessee corp. on Jan 1, 2019, both Lessor and Lessee follows IFRS. The following information relates to the lease agreement: 1- the lease term is 7 years, no renewal, 2- Lessor acquired the equipment this day Jan 1, 2019 for $560,000 cash, the useful life 10 years 3- at the end of the term the equipment to be returned to the lessor with guaranteed residual value of $40,000 4- the lease agreement...
What can you do this week to make improvements in listening and listening through attentive reading?...
What can you do this week to make improvements in listening and listening through attentive reading? Minimum 100 words
A charged particle moves without experiencing magnetic force. We can conclude that:
A charged particle moves without experiencing magnetic force. We can conclude that:
One advantage of z-scores is Nobody ever fails. They have negative values. A student can make...
One advantage of z-scores is Nobody ever fails. They have negative values. A student can make a high A. They are easily understood.
Describe two ways that a charged particle can move through space without getting deflected (i.e. travel...
Describe two ways that a charged particle can move through space without getting deflected (i.e. travel in a straight line).
In plan contract administration, can a plan come into being or even exist without contracts?
In plan contract administration, can a plan come into being or even exist without contracts?
Can trade and exchange occur within the firm without the existence of private property rights? If...
Can trade and exchange occur within the firm without the existence of private property rights? If individual property rights are necessary for economic success, how might the firm allow property rights? What are the “boundaries” of a firm? What determines the extent of vertical boundaries? What determines the extent of horizontal integration? Use a cost-benefit analysis to describe the optimal boundaries of a firm. Why does the evolution of large firms lead to a principal-agent problem? How can the principal-agent...
Can pollution ever make us better? How do we know? should we aim to eliminate all...
Can pollution ever make us better? How do we know? should we aim to eliminate all pollution? If not, what should our goal be?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT