Usually owner gets to keep it. some cases the lease may obligate tenant to demolish/remove the structure

A tenant built a building on Landlord's property. At the end of the lease, who owns the building.
=Depends on the lease. Usually owner gets to keep it. In some cases the lease may obligate the tenant to demolish or remove the structure (since a 40 year old jack in the box bldg typically isnt usually worth much).
In Property Management - Asked by TRUONG P. - Dec 7, 2016
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Anthony V.
Brisbane, CA

This is a legal Q dependent on the terms of the lease. Too often I've seen examples of people choosing to save a few hundred dollars by not having their attorney review the lease prior to signing. That is so often not a good profit strategy. In the example noted above - a 40 year old restaurant building may be maintained in near to like new condition, and may be both worth money to a new potential tenant, as well as being expensive to remove if that is required.

Dec 29, 2016
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