Application Question 7-4. Gail leased space in a building to operate an accounting business. The cost to lease similar ofhce space has risen substantially since she negotiated her cur- rent lease. She knows this because her business has grown, and she has leased a much larger office space in a building several blocks away that is closer to her biggest client. Her commercial property insurance includes the Leasehold Interest Coverage Form. A month ago, she moved much of her business per- sonal property to the larger office space. Two weeks ago, a fire damaged the first building Gail had rented space in, and the landlord told Gail he was terminat- ing her lease as a result. a. If Gail's insurer determines she did not have enough business personal property to enable her or her staff to conduct customary operations in her original office space, how will that affect her leasehold interest claim? b. How is Gail's leasehold interest claim affected if the landlord was renovat- ing the building at the time of the fire? Application Question 7-4. Gail leased space in a building to operate an accounting business. The cost to lease similar ofhce space has risen substantially since she negotiated her cur- rent lease. She knows this because her business has grown, and she has leased a much larger office space in a building several blocks away that is closer to her biggest client. Her commercial property insurance includes the Leasehold Interest Coverage Form. A month ago, she moved much of her business per- sonal property to the larger office space. Two weeks ago, a fire damaged the first building Gail had rented space in, and the landlord told Gail he was terminat- ing her lease as a result. a. If Gail's insurer determines she did not have enough business personal property to enable her or her staff to conduct customary operations in her original office space, how will that affect her leasehold interest claim? b. How is Gail's leasehold interest claim affected if the landlord was renovat- ing the building at the time of the fire