What is the Definition of Leasehold Improvements?

Leasehold Improvements

Noun

Definition: The cost of improvements for a leased property,. often paid by the tenant. Leasing Commission - New (LA) A fee paid by the property owner or the tenant to a real estate broker or leasing agent for services rendered; typically paid by a property owner for attracting and securing a new tenant. Usually calculated as a percentage (1% to 6%) of the entire lease payments, paid in increments during the lease term.

Other Definitions