Improvements and Betterments – Harpreet Insurance Broker
Insurance Vocabulary Word
#ImprovementsandBetterments (also known as Tenant’s Improvements) refer to additions or changes made to a #rentedproperty or condominium at the tenant’s expense. These modifications can include fixtures, alterations, or installations that become a permanent part of the building.
For example, a tenant might install new cabinets, flooring, or partitions to better suit their needs. In the event of a loss, such as a fire, the tenant is typically responsible for repairing or replacing these improvements unless otherwise specified in the lease agreement.
Do you have any specific questions about improvements and betterments or how they might affect your insurance coverage?
Sincerely,
Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario
Phone – 6476217890
Email – insurancechampion@outlook.com
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