I actually have a case where I'm trying to remove a late-filed mechanic's lien (9 months too late). o_O
Stop Stalking me!
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I actually have a case where I'm trying to remove a late-filed mechanic's lien (9 months too late). o_O
Leasehold improvements are very common, and can be deducted as expenses.
If you have a small company and want to provide seperate offices for sales staff instead of a large cubicle farm, that is one thing.
Another is that you take over a space that was configured for some other type of company and want it to make more sense for your organization.
Often some walls will be moved or similar to enable networking wiring.
Yeah, that makes sense, now that I think about it. It becomes a fixture of the property itself.
Tenants do it all the time with residential, commercial and agriculture situations. Most commonly, you rent an establishment for a pizza chain or something similar, you install pizza ovens which are more expensive and improve the otherwise empty commecial property. The tenant can now make money off of the establishment, while the landlord, who has a limited interest in what you use the property for, gets the indirect benefit of a fixture improving his property. You see large companies like HEB and Walmart do this a lot with their rental properties. Move in, rent the place for cheap and make major improvements. Landowners don't care because they make a crap load of money off the lease.
With land, you see a lot of ranchers and farms who rent land as oppossed to owning it. They need to install gates and fences and other necessary appurentances which are all improvements to the land. Think of an oil and gas company that comes in and builds their infrustructure in well pads, pipelines, valve sites, compressor sites. Many times these companies let leases expire and now the property, if its an oil/gas producing property has some serious improvements to it.
Last edited by elbamba; 04-26-2013 at 01:11 PM.
Why would a tax paying citizen, who believes in the cons uion forego his cons utional rights to use the courts to collect on a legally binding contract? Your logic makes no sense. Did I just get trolled?
I sure did get my answers. thanks all!
LMAO. Landlord threatened to evict them and they just wired me $16K and change
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