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What happens to my buildout improvements if I need to sublease half the space?

📖 2,482 words🗓️ Published Jul 2, 2026

Direct Answer

Your buildout improvements — every wall, floor, ceiling, electrical drop, and HVAC zone you paid for — become the subtenant's problem and opportunity, but only if you write your sublease agreement correctly. When you sublease half your space, your original lease with the landlord remains fully in effect, meaning you are still on the hook for rent, operating expenses, and restoration obligations. The big risk: if your subtenant damages or alters your buildout, you bear the cost of fixing it at lease end unless you have a sublease rider that explicitly assigns restoration responsibility. The smart move is to document every buildout asset with photos and a condition report before the subtenant moves in, then require them to return the space in substantially the same condition — or better — with a security deposit tied to the value of your improvements. You can also sell your buildout to the subtenant as a "turnkey asset" — charging a premium for the ready-to-use space — or require them to buy out your unamortized improvement costs. Never assume your landlord will let you sublease without a consent letter that spells out who owns what; many landlords will demand the improvements revert to them if the subtenant defaults. The golden rule: your buildout is your capital, and a sublease is a lease of that capital — treat it like one.

flowchart TD A[Lease Review] --> B[Sublease Clause] A --> C[Landlord Approval] B --> D[Improvement Ownership] C --> E[Sublease Terms] D --> F[Amortization Period] E --> F F --> G[Compensation or Transfer]

flowchart TD A[Lease Review] --> B[Sublease Rights] B --> C[Landlord Approval] C --> D[Improvement Ownership] D --> E[Tenant vs Subtenant] E --> F[Cost Allocation] F --> G[Removal Obligations]

Why Your Buildout Is a Sublease Asset, Not a Liability

Most tenants think of a sublease as a rental escape hatch — a way to offload space they don't need. But your buildout is the highest-value asset in that sublease transaction. A subtenant walking into a fully built-out space saves significant construction costs and months of permitting and build time. That means your buildout has real market value — and you can charge for it. In a strong market, you can demand a buildout premium above the base rent because the subtenant is getting a ready-to-occupy environment. In a weak market, your buildout becomes a negotiating lever — you can offer it at cost or below to attract a subtenant quickly. The key is to inventory your buildout before you start subleasing: list every improvement, its original cost, its useful life (typically 5 to 10 years for office finishes, 10 to 15 for mechanicals), and its current depreciated value. That number becomes your floor price in any sublease negotiation. If you spent a significant amount on a buildout several years ago, the unamortized value is substantial — and you should expect the subtenant to compensate you for that remaining value, either through a lump-sum payment or a higher rent rate. Note that the tax treatment of a lump-sum payment for transferring leasehold improvements is complex: it is generally treated as a sale or return of capital, not ordinary income in full. Consult a qualified tax professional to structure the transaction properly.

The Landlord's Consent Trap: Who Owns the Improvements After Sublease

Your original lease almost certainly requires landlord consent before you sublease. That consent letter is where the ownership battle over your buildout gets fought. Many landlords will try to insert a clause saying that if the subtenant defaults, all improvements revert to the landlord — meaning you lose your capital investment. Do not sign that. Instead, negotiate a sublease consent rider that explicitly states:

Your buildout remains your property throughout the sublease term.
The subtenant must maintain and repair all improvements at their own cost.
At sublease end, the subtenant must restore the space to its pre-sublease condition (or better) — with a restoration bond or security deposit tied to a percentage of the buildout's original cost.
If the subtenant defaults, you have the right to re-enter and reclaim the improvements within a reasonable timeframe.

Also watch for the "no betterment" trap — some landlords argue that if the subtenant improves the buildout, those improvements become the landlord's property. You want a clause that says any subtenant-funded improvements either become your property (if they add value) or must be removed at subtenant's expense (if they don't). The Building Owners and Managers Association (BOMA) publishes standard sublease consent forms — use those as a starting point, but never sign a landlord's first draft without your attorney reviewing the buildout ownership language.

How to Price and Sell Your Buildout in a Sublease Deal

Your buildout is not just a cost — it's a product you are selling to the subtenant. Price it using a buildout value model with three components:

Unamortized Cost: Take your original buildout cost, subtract the annual depreciation (straight-line over the improvement's useful life), and that's your floor value.
Market Replacement Cost: What would it cost the subtenant to build the same space today? You can price your buildout at a discount to replacement because you're offering immediate occupancy.
Time Value Premium: Every month the subtenant saves by not building is worth rent they would otherwise pay on their current space. This saved time represents value you can capture.

You can structure the payment in three ways: a lump-sum buyout at sublease signing (best for you, cash upfront), a buildout rent premium added to the base rent (spreads the cost for the subtenant), or a deferred payment tied to sublease milestones (riskiest for you). Always get a personal guarantee from the subtenant's principal if they are a smaller company — your buildout is a hard asset that you cannot easily remove, and you need recourse if they walk away.

Restoration Obligations: Who Pays to Undo the Buildout?

Your original lease almost certainly requires you to restore the space to its pre-buildout condition at lease end — meaning you must remove all improvements you installed. If you sublease half the space, that restoration obligation does not go away — it transfers to you as the prime tenant, and you must enforce it against your subtenant. The most common disaster: the subtenant makes unauthorized alterations — drilling through walls, adding data cabling, removing a partition — and at lease end, you get a restoration bill from the landlord that can be substantial. Avoid this with a sublease restoration clause that:

Requires written approval from you (and the landlord) for any alterations.
Mandates a pre-move-in inspection with photos and a condition checklist signed by both parties.
Obligates the subtenant to restore the space to the condition documented in that checklist — at their sole cost.
Provides a restoration escrow — a percentage of the sublease rent, held in a third-party account, released only after a final inspection confirms no damage.

If the subtenant refuses to restore, you have two options: sue them for breach of contract (slow and expensive) or self-perform the restoration and bill them (faster, but you carry the cash flow risk). The best protection: require a restoration bond from a licensed contractor — this covers you if the subtenant disappears.

Tax and Accounting Implications of Subleasing Your Buildout

Subleasing half your space triggers tax consequences you cannot ignore. If you receive a lump-sum payment from the subtenant for your buildout, the Internal Revenue Service (IRS) generally treats that as a sale of capital assets — not as ordinary income in full. This means the payment may be partially a return of your capital investment, and only the gain (if any) is taxable. However, the exact treatment depends on whether you retain ownership of the improvements or transfer them to the subtenant. The better structure: treat the buildout value as additional rent spread over the sublease term. This spreads the tax liability and may allow you to deduct the remaining unamortized buildout cost against that income. Consult a Certified Public Accountant (CPA) with commercial real estate experience before signing any sublease that includes a buildout payment. On the accounting side, your buildout is a leasehold improvement asset on your balance sheet. When you sublease, you must decide whether to derecognize that asset (if you transfer ownership to the subtenant) or keep it and record the sublease payment as other income. The Financial Accounting Standards Board (FASB) guidelines under ASC 842 require careful treatment — your auditor will want to see the sublease agreement and your buildout depreciation schedule. The safest path: keep the buildout on your books, amortize it over the original lease term, and record sublease income separately. This avoids a gain-on-sale tax event and keeps your financial statements clean.

The Sublease Buildout Checklist: 10 Must-Have Clauses

Before you let a subtenant touch your buildout, get these 10 clauses in your sublease agreement — no exceptions:

Buildout Inventory Exhibit — A detailed list of every improvement, with photos, original cost, and current condition.
Ownership Clause — Your buildout remains your property; subtenant has no ownership rights.
Maintenance Obligation — Subtenant must maintain all improvements in good working order at their cost.
Alteration Restriction — No changes without your written consent; unauthorized alterations trigger automatic restoration at subtenant's cost.
Restoration Requirement — Subtenant must return the space to the condition documented in the pre-move-in inspection.
Security Deposit for Buildout — Tied to a percentage of the buildout's unamortized value, held in escrow.
Indemnification — Subtenant indemnifies you for any damage to the buildout or claims from the landlord.
Default Remedies — If subtenant defaults, you can re-enter and reclaim the buildout within a reasonable timeframe.
Insurance Requirements — Subtenant must carry property insurance covering the buildout's replacement value.
Landlord Consent Rider — Attach the landlord's consent letter showing they acknowledge the buildout ownership terms.

Run this checklist past your commercial real estate attorney before you sign anything. A missing clause can cost you significant value in lost buildout value or restoration costs. The National Association of Realtors (NAR) and Commercial Real Estate Development Association (NAIOP) both offer sublease template checklists — use them as a starting point, but customize for your specific buildout.

Negotiating a Buildout Transfer Fee

When subleasing half your space, you have leverage to negotiate a buildout transfer fee from the subtenant. This fee compensates you for the unamortized value of your improvements—the portion of your original investment that hasn't yet been "used up" over your lease term. Rather than naming a specific dollar amount, structure the fee as a percentage of your remaining unamortized costs, calculated from your original buildout invoices minus depreciation over the months you've occupied the space. Include a clause that adjusts this fee if the subtenant makes significant alterations, ensuring you're not penalized for their modifications. Document the original buildout costs clearly in the sublease, and tie the fee to a security deposit or prepaid rent to guarantee payment.

Protecting Your Improvements During the Sublease Term

Your buildout's condition directly impacts your liability when the original lease ends. To safeguard your investment, require the subtenant to carry liability insurance that specifically covers damage to your improvements, with you named as an additional insured. Schedule quarterly joint inspections with the subtenant and take timestamped photos to track wear and tear versus damage. If the subtenant wants to reconfigure walls or mechanical systems, insist they restore the space to its original layout at their own cost before vacating—or pay you a restoration deposit upfront. For shared systems like HVAC or electrical panels serving both your retained space and the subleased half, define maintenance responsibilities clearly in the sublease to prevent disputes over repairs that could affect your remaining operations.

Understanding Landlord Rights Over Your Buildout

Your landlord's consent to the sublease often includes conditions that affect your improvements. Many commercial leases grant the landlord a right of first refusal to reclaim the subleased space, including your buildout, if the subtenant defaults. In such cases, the landlord may demand you surrender the improvements without compensation, or they might credit you for their value against any rent you owe. Review your original lease's alterations clause—some landlords require that all improvements become their property upon installation, meaning you cannot sell them to a subtenant without written permission. Before signing any sublease, obtain a landlord consent letter that explicitly addresses ownership of your buildout, including whether the subtenant can make alterations and who bears restoration costs. This prevents the landlord from claiming your improvements as theirs if the sublease ends prematurely.

FAQ

Do I need my landlord's permission to sublease my built-out space? Yes, almost every commercial lease requires landlord consent for subleasing — and the landlord can use that consent to demand a share of your buildout value or impose new restoration terms.

Can I charge the subtenant for my buildout improvements? Absolutely — your buildout has real market value, and you can demand a lump-sum payment, a rent premium, or a buyout fee based on the unamortized cost or replacement value.

What happens if the subtenant damages my buildout? The subtenant is responsible for repairing all damage at their cost — but you must have a security deposit and restoration clause in the sublease to enforce this.

Who pays to remove the buildout at lease end — me or the subtenant? Your original lease holds you responsible for restoration, so you must pass that obligation to the subtenant through a restoration clause in the sublease agreement.

Can the subtenant make changes to my buildout without asking? No — any alterations require your written consent, and unauthorized changes should trigger automatic restoration at the subtenant's expense.

Is the buildout payment from a subtenant taxable income? The tax treatment is nuanced — lump-sum payments for transferring leasehold improvements are generally treated as a sale or return of capital, not ordinary income in full. You should consult a CPA for tax-efficient structuring based on your specific situation.

Sources

Building Owners and Managers Association (BOMA) — Sublease and assignment standards
National Association of Realtors (NAR) — Commercial sublease checklists
Commercial Real Estate Development Association (NAIOP) — Tenant improvement valuation guides
Financial Accounting Standards Board (FASB) — ASC 842 lease accounting standards
Internal Revenue Service (IRS) — Publication 535 on leasehold improvements
American Institute of Architects (AIA) — Standard sublease agreement forms
CoreNet Global — Corporate real estate sublease best practices

Related on PULSE

Explore more in the PULSE library.

Download:

![What happens to my buildout improvements if I need to sublease half the space?](/assets/cro-cover-6.jpg)

## Direct Answer

Your **buildout improvements** — every wall, floor, ceiling, electrical drop, and HVAC zone you paid for — become the **subtenant's problem and opportunity**, but only if you write your sublease agreement correctly. When you sublease half your space, your original lease with the landlord remains fully in effect, meaning you are still **on the hook** for rent, operating expenses, and restoration obligations. The big risk: if your subtenant damages or alters your buildout, you bear the cost of fixing it at lease end unless you have a **sublease rider** that explicitly assigns restoration responsibility. The smart move is to **document every buildout asset** with photos and a condition report before the subtenant moves in, then require them to return the space in **substantially the same condition** — or better — with a security deposit tied to the value of your improvements. You can also **sell your buildout** to the subtenant as a "turnkey asset" — charging a premium for the ready-to-use space — or require them to **buy out** your unamortized improvement costs. Never assume your landlord will let you sublease without a **consent letter** that spells out who owns what; many landlords will demand the improvements revert to them if the subtenant defaults. The golden rule: your buildout is **your capital**, and a sublease is a **lease of that capital** — treat it like one.

```mermaid
flowchart TD
A[Lease Review] --> B[Sublease Clause]
A --> C[Landlord Approval]
B --> D[Improvement Ownership]
C --> E[Sublease Terms]
D --> F[Amortization Period]
E --> F
F --> G[Compensation or Transfer]
```

```mermaid
flowchart TD
A[Lease Review] --> B[Sublease Rights]
B --> C[Landlord Approval]
C --> D[Improvement Ownership]
D --> E[Tenant vs Subtenant]
E --> F[Cost Allocation]
F --> G[Removal Obligations]
```

## Why Your Buildout Is a Sublease Asset, Not a Liability

![What happens to my buildout improvements if I need to sublease hal — Why Your Buildout Is a Sublease Asset, Not a Liability](/assets/cro-cover-6.jpg)


Most tenants think of a sublease as a **rental escape hatch** — a way to offload space they don't need. But your buildout is the **highest-value asset** in that sublease transaction. A subtenant walking into a fully built-out space saves **significant construction costs** and **months of permitting and build time**. That means your buildout has **real market value** — and you can charge for it. In a strong market, you can demand a **buildout premium** above the base rent because the subtenant is getting a **ready-to-occupy** environment. In a weak market, your buildout becomes a **negotiating lever** — you can offer it at cost or below to attract a subtenant quickly. The key is to **inventory your buildout** before you start subleasing: list every improvement, its original cost, its **useful life** (typically 5 to 10 years for office finishes, 10 to 15 for mechanicals), and its **current depreciated value**. That number becomes your **floor price** in any sublease negotiation. If you spent a significant amount on a buildout several years ago, the unamortized value is substantial — and you should expect the subtenant to compensate you for that remaining value, either through a **lump-sum payment** or a **higher rent rate**. Note that the tax treatment of a lump-sum payment for transferring leasehold improvements is complex: it is generally treated as a sale or return of capital, not ordinary income in full. Consult a qualified tax professional to structure the transaction properly.

## The Landlord's Consent Trap: Who Owns the Improvements After Sublease

![What happens to my buildout improvements if I need to sublease hal — The Landlord's Consent Trap: Who Owns the Improvements A](/assets/cro-cover-6.jpg)


Your original lease almost certainly requires **landlord consent** before you sublease. That consent letter is where the **ownership battle** over your buildout gets fought. Many landlords will try to insert a clause saying that if the subtenant defaults, **all improvements revert to the landlord** — meaning you lose your capital investment. Do not sign that. Instead, negotiate a **sublease consent rider** that explicitly states:

- Your buildout remains **your property** throughout the sublease term.
- The subtenant must **maintain and repair** all improvements at their own cost.
- At sublease end, the subtenant must **restore** the space to its pre-sublease condition (or better) — with a **restoration bond** or **security deposit** tied to a percentage of the buildout's original cost.
- If the subtenant defaults, you have the **right to re-enter** and reclaim the improvements within a reasonable timeframe.

Also watch for the **"no betterment"** trap — some landlords argue that if the subtenant improves the buildout, those improvements become the landlord's property. You want a clause that says any **subtenant-funded improvements** either become your property (if they add value) or must be removed at subtenant's expense (if they don't). The **Building Owners and Managers Association (BOMA)** publishes standard sublease consent forms — use those as a starting point, but never sign a landlord's first draft without your attorney reviewing the buildout ownership language.

## How to Price and Sell Your Buildout in a Sublease Deal

![What happens to my buildout improvements if I need to sublease hal — How to Price and Sell Your Buildout in a Sublease Deal](/assets/cro-cover-6.jpg)


Your buildout is not just a cost — it's a **product** you are selling to the subtenant. Price it using a **buildout value model** with three components:

- **Unamortized Cost:** Take your original buildout cost, subtract the **annual depreciation** (straight-line over the improvement's useful life), and that's your **floor value**.
- **Market Replacement Cost:** What would it cost the subtenant to build the same space today? You can price your buildout at a **discount to replacement** because you're offering **immediate occupancy**.
- **Time Value Premium:** Every month the subtenant saves by not building is worth **rent they would otherwise pay** on their current space. This saved time represents value you can capture.

You can structure the payment in three ways: a **lump-sum buyout** at sublease signing (best for you, cash upfront), a **buildout rent premium** added to the base rent (spreads the cost for the subtenant), or a **deferred payment** tied to sublease milestones (riskiest for you). Always get a **personal guarantee** from the subtenant's principal if they are a smaller company — your buildout is a **hard asset** that you cannot easily remove, and you need recourse if they walk away.

## Restoration Obligations: Who Pays to Undo the Buildout?

Your original lease almost certainly requires you to **restore the space** to its **pre-buildout condition** at lease end — meaning you must remove all improvements you installed. If you sublease half the space, that restoration obligation **does not go away** — it transfers to you as the **prime tenant**, and you must enforce it against your subtenant. The most common disaster: the subtenant makes **unauthorized alterations** — drilling through walls, adding data cabling, removing a partition — and at lease end, you get a **restoration bill** from the landlord that can be substantial. Avoid this with a **sublease restoration clause** that:

- Requires **written approval** from you (and the landlord) for any alterations.
- Mandates a **pre-move-in inspection** with photos and a **condition checklist** signed by both parties.
- Obligates the subtenant to **restore the space** to the condition documented in that checklist — at their sole cost.
- Provides a **restoration escrow** — a percentage of the sublease rent, held in a third-party account, released only after a **final inspection** confirms no damage.

If the subtenant refuses to restore, you have two options: sue them for **breach of contract** (slow and expensive) or **self-perform the restoration** and bill them (faster, but you carry the cash flow risk). The best protection: require a **restoration bond** from a licensed contractor — this covers you if the subtenant disappears.

## Tax and Accounting Implications of Subleasing Your Buildout

Subleasing half your space triggers **tax consequences** you cannot ignore. If you receive a **lump-sum payment** from the subtenant for your buildout, the **Internal Revenue Service (IRS)** generally treats that as a sale of capital assets — not as ordinary income in full. This means the payment may be partially a return of your capital investment, and only the gain (if any) is taxable. However, the exact treatment depends on whether you retain ownership of the improvements or transfer them to the subtenant. The better structure: treat the buildout value as **additional rent** spread over the sublease term. This spreads the tax liability and may allow you to **deduct** the remaining unamortized buildout cost against that income. Consult a **Certified Public Accountant (CPA)** with commercial real estate experience before signing any sublease that includes a buildout payment. On the accounting side, your buildout is a **leasehold improvement asset** on your balance sheet. When you sublease, you must decide whether to **derecognize** that asset (if you transfer ownership to the subtenant) or **keep it** and record the sublease payment as **other income**. The **Financial Accounting Standards Board (FASB)** guidelines under ASC 842 require careful treatment — your auditor will want to see the sublease agreement and your buildout depreciation schedule. The safest path: keep the buildout on your books, amortize it over the original lease term, and record sublease income separately. This avoids a **gain-on-sale** tax event and keeps your financial statements clean.

## The Sublease Buildout Checklist: 10 Must-Have Clauses

Before you let a subtenant touch your buildout, get these **10 clauses** in your sublease agreement — no exceptions:

1. **Buildout Inventory Exhibit** — A detailed list of every improvement, with photos, original cost, and current condition.
2. **Ownership Clause** — Your buildout remains your property; subtenant has no ownership rights.
3. **Maintenance Obligation** — Subtenant must maintain all improvements in **good working order** at their cost.
4. **Alteration Restriction** — No changes without your written consent; unauthorized alterations trigger **automatic restoration** at subtenant's cost.
5. **Restoration Requirement** — Subtenant must return the space to the condition documented in the pre-move-in inspection.
6. **Security Deposit for Buildout** — Tied to a percentage of the buildout's unamortized value, held in escrow.
7. **Indemnification** — Subtenant indemnifies you for any damage to the buildout or claims from the landlord.
8. **Default Remedies** — If subtenant defaults, you can **re-enter** and reclaim the buildout within a reasonable timeframe.
9. **Insurance Requirements** — Subtenant must carry **property insurance** covering the buildout's replacement value.
10. **Landlord Consent Rider** — Attach the landlord's consent letter showing they acknowledge the buildout ownership terms.

Run this checklist past your **commercial real estate attorney** before you sign anything. A missing clause can cost you **significant value** in lost buildout value or restoration costs. The **National Association of Realtors (NAR)** and **Commercial Real Estate Development Association (NAIOP)** both offer sublease template checklists — use them as a starting point, but customize for your specific buildout.

## Negotiating a Buildout Transfer Fee

When subleasing half your space, you have leverage to negotiate a **buildout transfer fee** from the subtenant. This fee compensates you for the unamortized value of your improvements—the portion of your original investment that hasn't yet been "used up" over your lease term. Rather than naming a specific dollar amount, structure the fee as a percentage of your remaining unamortized costs, calculated from your original buildout invoices minus depreciation over the months you've occupied the space. Include a clause that adjusts this fee if the subtenant makes significant alterations, ensuring you're not penalized for their modifications. Document the original buildout costs clearly in the sublease, and tie the fee to a security deposit or prepaid rent to guarantee payment.

## Protecting Your Improvements During the Sublease Term

Your buildout's condition directly impacts your liability when the original lease ends. To safeguard your investment, require the subtenant to carry **liability insurance** that specifically covers damage to your improvements, with you named as an additional insured. Schedule quarterly joint inspections with the subtenant and take timestamped photos to track wear and tear versus damage. If the subtenant wants to reconfigure walls or mechanical systems, insist they restore the space to its original layout at their own cost before vacating—or pay you a restoration deposit upfront. For shared systems like HVAC or electrical panels serving both your retained space and the subleased half, define maintenance responsibilities clearly in the sublease to prevent disputes over repairs that could affect your remaining operations.

## Understanding Landlord Rights Over Your Buildout

Your landlord's consent to the sublease often includes conditions that affect your improvements. Many commercial leases grant the landlord a **right of first refusal** to reclaim the subleased space, including your buildout, if the subtenant defaults. In such cases, the landlord may demand you surrender the improvements without compensation, or they might credit you for their value against any rent you owe. Review your original lease's **alterations clause**—some landlords require that all improvements become their property upon installation, meaning you cannot sell them to a subtenant without written permission. Before signing any sublease, obtain a **landlord consent letter** that explicitly addresses ownership of your buildout, including whether the subtenant can make alterations and who bears restoration costs. This prevents the landlord from claiming your improvements as theirs if the sublease ends prematurely.

## FAQ

**Do I need my landlord's permission to sublease my built-out space?**
Yes, almost every commercial lease requires **landlord consent** for subleasing — and the landlord can use that consent to demand a share of your buildout value or impose new restoration terms.

**Can I charge the subtenant for my buildout improvements?**
Absolutely — your buildout has **real market value**, and you can demand a **lump-sum payment**, a **rent premium**, or a **buyout fee** based on the unamortized cost or replacement value.

**What happens if the subtenant damages my buildout?**
The subtenant is responsible for **repairing all damage** at their cost — but you must have a **security deposit** and **restoration clause** in the sublease to enforce this.

**Who pays to remove the buildout at lease end — me or the subtenant?**
Your original lease holds **you** responsible for restoration, so you must pass that obligation to the subtenant through a **restoration clause** in the sublease agreement.

**Can the subtenant make changes to my buildout without asking?**
No — any alterations require your **written consent**, and unauthorized changes should trigger **automatic restoration** at the subtenant's expense.

**Is the buildout payment from a subtenant taxable income?**
The tax treatment is nuanced — lump-sum payments for transferring leasehold improvements are generally treated as a sale or return of capital, not ordinary income in full. You should consult a **CPA** for tax-efficient structuring based on your specific situation.

## Sources

- Building Owners and Managers Association (BOMA) — Sublease and assignment standards
- National Association of Realtors (NAR) — Commercial sublease checklists
- Commercial Real Estate Development Association (NAIOP) — Tenant improvement valuation guides
- Financial Accounting Standards Board (FASB) — ASC 842 lease accounting standards
- Internal Revenue Service (IRS) — Publication 535 on leasehold improvements
- American Institute of Architects (AIA) — Standard sublease agreement forms
- CoreNet Global — Corporate real estate sublease best practices

## Related on PULSE

- Explore more in the PULSE library.

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