Recently I gave some advice in relation to a Client looking at a new food tenancy in a new development where the Lessee was going to undertake fit-out works including new interiors and kitchen equipment. Part of the fit-out works were funded by the Lessors' Contribution as part of their lease contract, but they can't necessarily claim the full amount on their depreciation schedule.
Why?
Because it's about ownership. The contract documents would outline who owns what component of the fit-out works, where typically (not always), the following would occur:
Why?
Because it's about ownership. The contract documents would outline who owns what component of the fit-out works, where typically (not always), the following would occur:
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