Mistakenly, I assumed that the SHRM-SCP would be the same. I didnât study as I had just taught the prep class for the PHR and SPHR. I figured if I didnât know the material, I shouldnât pass anyway! So, I registered to take the exam for free as an instructor for a SHRM Educational Partner (a local college).
Prudent landlords usually keep old leases for six or seven years. Legal obligations associated with the landlord-tenant relationship don't automatically end when the lease agreement ends.
By default, though, the depreciation life of a leasehold improvement is the same as any other commercial real estate improvementâ¦39 years. Letâs say you spent $200,000 in tenant improvements for two tenants: one signed a five year lease, another one signed a ten year lease. Letâs also say that at the end of its lease, your five year tenant moved out and you need to rebuild that suite for a new tenant.