Air Conditioners | Architectural Ornament |
Bathtubs | Benches |
Build-in Mirror | Build-in Shelving |
Buildings | Built-in Electronics |
Built-in Furniture | Carpeting |
Ceiling Fans | Chandeliers |
Clothes Line | Doorbell |
Doors | Drapery Rods |
Fences | Fireplace |
Flooring | Garage Door Opener |
Handrails | Heating Systems |
Home Automation Features | Hot Water Heater |
Kitchen Cabinets | Land Improvements (e.g. a tree or garden) |
Light Fixtures | Mantels |
Playground Equipment | Security System |
Shutters | Sinks |
Smoke Detector | Swing Set |
Venetian Blinds | Wall Sconces |
Window Shades | Windows |
Trade Fixtures
Fixtures 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.Notes
Fixtures 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.| Overview: Fixtures | ||
Type | ||
Definition | Property that is attached or integrated into land or a building. | |
Related Concepts | ||
