trade fixture

English - English

Definition of trade fixture in English English dictionary

A fixture which remains personal property and which is installed by a commercial tenant at his/her own expense for us in the trade or business under the terms of a lease and removable by the tenant before the lease expires

An article of personal property annexed or affixed to leased premises by the tenant as a necessary part of the tenant's trade or business At the termination of a lease, a tenant must leave most fixtures in the premises; however, trade fixtures are removable by the tenant before expiration of the lease, and the tenant is responsible for any damages caused by their removal However, a tenant cannot usually remove replacement fixtures, that is, improvements installed to replace worn-out ones For instance, if a tenant installs a new bar to replace an old bar in a tavern the tenant leases, the tenant cannot remove the bar upon termination of the lease If the tenant fails to remove trade fixtures within a reasonable time of lease expiration, the fixtures will be considered abandoned and will become the property of the landlord

An article installed by a tenant under the terms of a lease and removable by the tenant before the lease expires

Related Terms

trade fixtures

Articles installed by a tenant under terms of a lease and removable by the tenant before the lease expires These remain personal property; they are not true fixtures

trade fixtures

Business equipment attached to real property which may be removed at the time of sales of the real property

trade fixtures

Articles of personal property annexed to leased premises by the tenant, as a necessary part of the tenant's trade or business

trade fixtures

Articles of personal propert7y annexed to real property, but which are necessary to the carrying on of a trade and are removable by the owner

trade fixtures

Articles of personal property annexed by a business tenant to real property, which are necessary to the carrying on of a trade and are removable by the tenant

trade fixtures

Personal property that is attached to a structure (i e the walls of the leased premises) that are used in the business Since this property is part of the business and not deemed to be part of the real estate, it is typically removable upon lease termination

trade fixtures

Personal property used in a business and attached to a structure, but removable upon sale because it is deemed to be part of the business, not of the real estate

trade fixtures

Articles of personal property installed and attached to real property for the purpose of conducting business

trade fixtures

Personal property used in a business which is attached to the property, but is removable upon sale as part of the business and not the real estate

trade fixtures

Certain fixtures installed at the premises that are unique to the tenant's business, generally removable by the tenant at the end of the term of the lease

Hyphenation

trade fix·ture

Turkish pronunciation

treyd fîksçır

Pronunciation

/ˈtrād ˈfəksʧər/ /ˈtreɪd ˈfɪksʧɜr/