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trade fixtures |
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trade fixtures Personal property attached to a structure and used in a business.Normally,fixtures become part of the real estate and cannot be removed by a tenant.Trade fixtures,however,are recognized as a part of the business itself,not the real estate,and so may be removed at the expiration of the lease term.Despite that,many leases specifically provide that any tenant improvements paid by the landlord must remain on the property,even if they are trade fixtures. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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