[B026]
betterments
Significant additions made to real estate enhancing its value and amounting to more than mere repairs or replacement. Often, these betterments are to customize a property to the specific type risk now occupying the property, such as fire protection or hood and vent work in a restaurant. When made by a tenant, these additions are usually included in the tenant's own property insurance.
(See Improvements and Betterments.)
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100