trade fixtures

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.

References in periodicals archive ?
Expenses are very low, The sale includes all trade fixtures, equipment and inventory.
During The Term Of This Agreement, The Atms And Any Trade Fixtures And Equipment Affixed To Them, Such As, But Not Limited To, Banking Trade Fixtures, Alarm Systems, Automatic Teller Equipment And Other Personal Property, Stored, Installed In Or Attached To The Atms By And At The Expense Of Contractor Shall Remain The Property Of Contractor.
In return for a premium of PS79,000, our client will lease the business with all trade fixtures and fittings, which are considerable and in very good condition, as the restaurant has only traded for less than one year.
Supreme Court Justice Martin Shulman has ruled that three foodservice tenants that leased space in the building and were displaced by the condemnation, can recover damages from the MTA for the value of trade fixtures lost in the condemnation--approximately $15 million, according to the tenants.
Guide Note 5 states: "When the scope of work includes an appraisal of personal property, trade fixtures or intangible items, competency in personal property appraisal or business appraisal is required.
How a condemnation clause handles compensation for trade fixtures is also a fertile area for disputes regarding a commercial tenant's interest in real estate compensation.
based Trade Fixtures, which makes bins and other supplies for bulk sections, says retailers can save money by buying bulk, and pass the savings to consumers.
Founded in 2008, the Bulk is Green Council is made up of eco-entrepreneurs and bulk food leaders, including the Hain Celestial Group, SunRidge Farms, Frontier Natural Products Co-Op, Trade Fixtures and Lundberg Family Farms.
The statement said that since the order was passed on 18th Dec 2009 the ninety days period given to MAKRO ends on 18th March 2010 and the management has decided to completely shut down its trade operation on the site in order to clear stocks and trade fixtures etc as the management of MAKRO has every intention to respect the decision of Honourable Supreme Court.
Therefore, the court concluded the items of kitchen equipment in question were trade fixtures and were the property of the tenant.
In addition, buildings within each category can greatly vary in terms of size, HVAC, alarm and fire systems, interior finishes, trade fixtures, and tenant improvements.
Trade Fixtures is introducing the "Gravity Plus" bin.