What does the term "improvements and betterments" refer to?

The term "improvements and betterments" specifically refers to enhancements made to real property that increase its value, functionality, or longevity. This concept is particularly relevant in contexts like leasing and insurance, where properties might be upgraded or modified by tenants or owners to improve their overall condition or appeal.

In real estate, improvements cover a wide range of alterations, including structural changes, additions, and renovations, which not only enhance the aesthetic appeal but also contribute to the property’s market value. For example, installing new flooring, updating kitchens or bathrooms, or adding an extension to a building are all considered improvements and betterments.

While options such as property upgrades made by tenants or personal property modifications also touch upon the idea of enhancements, they specifically pertain to different aspects of property management and insurance policies. Understanding the context in which "improvements and betterments" is used is crucial for comprehending its implications in terms of property value and insurance claims.