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Office lease definition

What is leasehold improvements?

Alterations and fixtures installed in leased premises for the tenant’s use, subject to lease, approval, permit, ownership and restoration rules.

Updated 2026-09-12
Fast answerAlterations and fixtures installed in leased premises for the tenant’s use, subject to lease, approval, permit, ownership and restoration rules.

Why it matters

Improvement cost and end-of-term removal can be major parts of occupancy economics.

What to request

Document existing condition, scope, approvals, ownership, maintenance and surrender obligations.

Planning example

Retain approved drawings, permits, warranties and as-built records. The example organizes arithmetic or evidence only; the transaction documents and facts determine the result.

Related decisions

Connect this term to the area, cost, building, flexibility and document provisions elsewhere in the office decision file.

Evidence boundary: office availability and quoted economics change. Confirm current premises, authority, area, costs, permitted use and documents for the specific transaction. Read the methodology.

Leasehold improvements questions

Plain-language answers for Canadian office decisions.

What does leasehold improvements mean in an office lease?

Alterations and fixtures installed in leased premises for the tenant’s use, subject to lease, approval, permit, ownership and restoration rules.

Why does leasehold improvements matter?

Improvement cost and end-of-term removal can be major parts of occupancy economics.