36 CFR 51.65 – May the concessioner gain additional leasehold surrender interest by replacing a fixture in which the concessioner has a leasehold surrender interest?
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A concessioner that replaces an existing fixture in which the concessioner has a leasehold surrender interest with a new fixture will increase its leasehold surrender interest by the amount of the construction cost of the replacement fixture less the construction cost of the replaced fixture.
Terms Used In 36 CFR 51.65
- construction: as used in this part also means "install" or "installation" of fixtures where applicable. See 36 CFR 51.51
- fixture: as used in this part includes the term "non-removable equipment. See 36 CFR 51.51