if you lease commmercial real estate and go bankrupt what happens to the leasehold improvements that you made?

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if you lease commmercial real estate and go bankrupt what happens to the leasehold improvements that you made?

2007-06-18 08:11:55 · 2 answers · asked by simon c 1 in Business & Finance ➔ Renting & Real Estate

2 answers

Leasehold improvements become the property of the owner of the real estate. Any movable business equipment and/or fixtures left behind are sold to help pay the debt owed to creditors.

2007-06-18 09:26:07 · answer #1 · answered by acermill 7 · 0⤊ 0⤋

If you filed bankruptcy against the real estate owner, I'd say you are probably out of luck as far as the improvements. You should have a bankruptcy lawyer, talk to him.

2007-06-18 15:17:31 · answer #2 · answered by Kathleen M 4 · 0⤊ 0⤋