Are Roof Repairs Considered Leasehold Improvements?
Have you ever looked at a leaky ceiling and wondered if fixing it would increase your property's value or cost you money? If you rent or own property, you've probably asked yourself: do roof repairs count as leasehold improvements? This question can confuse even experienced property experts. But don't worry, we'll help you understand the answer. Before we talk about roof repairs, let's see what leasehold improvements are. These are upgrades or changes made to a rental property by a tenant. These changes usually improve the space for the tenant's use but also often benefit the property owner in the long run. Common Examples of Leasehold Upgrades Leasehold upgrades can happen in many ways: Special lighting fixtures Built-in shelves New floors Better heating and cooling systems Special equipment installations But where do roof fixes fit in? That's where it gets a bit tricky. The Gray Area: Roof Fixes and Upgrades When it comes to Roof...