Ch 35 Tenant leasehold improvements

Question 1

Tenant improvements

Answer 1

Improvements made to a leased property to meet the needs of our occupying tenant.

Question 2

Further – improvements provision

Answer 2

A commercial lease provision which allows a landlord to retain tenant improvements or require the restoration of the property to its original condition upon expiration of the lease.

Question 3

Permissive improvement

Answer 3

A non-mandatory improvement the tenant is authorized to complete without further landlord consent.

Question 4

Trade fixtures

Answer 4

A fixture used to render services or make products in the trade or business of a tenant

Question 5

Real estate fixture

Answer 5

Personal property attached to the real estate as an improvement, which becomes part of the convertible real estate.

Question 6

Reversion

Answer 6

The conveyance Of real estate pictures from a tenant to landlord on expiration of a lease.

The landlord takes possession of the real estate fixtures as part of the real estate for fitted or surrendered. When the lease expires.

Question 7

Mechanics lien

Answer 7

A lien titling a contractor or subcontractor to foreclose on a job site property to recover the amount due and unpaid for labor and materials they use.

Question 8

Notice of non-responsibility

Answer 8

A notice used by an owner to declare they are not responsible for any claim arising out of the improvements their tenant is constructing on their property.