Changes to adapt a leased building for a particular business are called ________.
A) Leasehold improvements
B) Leasehold developments
C) Building improvement funds
D) Client developments
E) Expensive

Question

Quizplus · Accepted Answer

Leasehold improvements refer to changes made to a leased property to suit the needs of the tenant's business. These improvements are typically paid for by the tenant, who may negotiate for a tenant improvement allowance or build-out period with the landlord as part of the lease agreement. Other options listed, such as leasehold developments and building improvement funds, are not commonly used terms in this context, while client developments and expensive are not accurate descriptions of the process.

Changes to Adapt a Leased Building for a Particular Business