Garage Door Opener
Home Automation Features
Hot Water Heater
Land Improvements (e.g. a tree or garden)
Trade FixturesFixtures that are specific to a business, trade or industry are known as trade fixtures. This is often viewed as separate property from land and a building. In the context of a lease agreement, trade fixtures are the property of the tenant. For example, a restaurant that attaches signs, interior decorations and kitchen equipment to a building is generally expected to remove these things and restore the property to its original condition.
NotesFixtures are contrasted with personal property that isn't considered part of a land or building. Fixtures are recorded separately from land in accounting for the purposes of depreciation of assets.Anything physically attached to land or a structure is a fixture. For example, venetian blinds are considered a fixture but curtains are often considered personal property.Anything specifically intended to be integrated into land or a building is a fixture. For example, a statue or fountain in a garden.If property is important to a seller it can be specifically excluded in a purchase agreement. For example, a swing set or small tree that is excluded from a sale because it has sentimental value to the seller.The examples above are general examples that represent a global view. The exact interpretation of fixtures will vary by nation and jurisdiction.
|Definition||Property that is attached or integrated into land or a building.|