Leasehold Improvements are fixtures attached to real estate that are generally acquired or installed by the tenant. Upon expiration of the lease, the tenant can generally remove them, provided such action does not damage the property or conflict with the lease agreement.
Tenant improvements (TIs) refer to changes or alterations made to office, retail, or industrial properties to meet the specific requirements of a tenant. These improvements can include the installation or relocation of interior walls or partitions, flooring, shelves, windows, and other fixtures.
