Leasehold Improvements
<p>Use this category for clearly defined capital works (Div 43) Assets including buildings and building improvements where the improvement or asset is held by a third party leaseholder.
 
A <b >leasehold estate</b> is an ownership of a temporary right to hold land or property in which a <a href="https://en.wikipedia.org/wiki/Lease" title="Lease" >lessee</a> or a tenant holds rights of <a href="https://en.wikipedia.org/wiki/Real_property" title="Real property" >real property</a> by some form of <a href="https://en.wikipedia.org/wiki/Title_(property)" title="Title (property)" >title</a> from a lessor or <a href="https://en.wikipedia.org/wiki/Landlord" title="Landlord" >landlord</a>. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.
 
A property that a business rents is a leasehold property. </p>