HopefullyInLawSchool
16:06
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
trade fixture
Read a random definition: implied actual knowledge
A quick definition of trade fixture:
Trade fixture: A trade fixture is something that a tenant attaches to a rented property and can take with them when they leave. It can be a machine or shelves that are fixed to the building. Sometimes, there can be disagreements between the tenant and the property owner about who gets to keep certain items when the lease ends. For example, if the tenant replaces windows, the property owner will likely keep them, but if they replace a ceiling light with a chandelier, it may not be clear who gets to keep it.
A more thorough explanation:
Definition: A trade fixture is an item that a tenant attaches to a rented property and is entitled to remove when the lease ends. These fixtures can include machines, shelves, or other items that require attachment to the building. Disputes can arise when a tenant makes improvements to a building, and it is unclear who has the right to keep the items.
For example, if a tenant installs new windows, the property owner will most likely keep them. However, if the tenant replaces a ceiling light with a chandelier, it may be less clear whether the light is something the tenant can take with them or if it is part of the building.
Another example of a trade fixture could be a commercial kitchen in a restaurant. The tenant may install specialized equipment, such as a pizza oven or a walk-in cooler, that they are entitled to remove when the lease ends.
These examples illustrate how trade fixtures can be essential to a tenant's business operations and how disputes can arise when it is unclear who has the right to keep them.