What Damages Are Tenants Responsible For?

What Damages Are Tenants Responsible For? Typically, a tenant will be held responsible for the cost of damage to something that would normally not wear out, or when the damage inflicted significantly shortens the item’s lifespan. What are landlords obligated to fix? Property Needs to Meet Local Health and Building Codes. Visible Mold. Pests. Changing

Are Tenant Improvements Fixed Assets?

Are Tenant Improvements Fixed Assets? Accounting for leasehold improvements Leasehold improvements are assets, and are a part of property, plant, and equipment in the non-current assets section of the balance sheet. Therefore, they are accounted for with other fixed assets in accordance with ASC 360. Is tenant improvement allowance an asset? Tenant lease improvements are