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Leasehold improvements are owned by the tenant who made the enhancements, but they typically become part of the property and may revert to the landlord at the end of the lease term, depending on the lease agreement. The tenant can claim depreciation on these improvements for tax purposes, but the landlord retains ownership of the underlying property. It's essential for both parties to clearly outline the terms regarding leasehold improvements in their lease agreement to avoid disputes.

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2w ago

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