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 | Fire Alarms |
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 Cameras | Security Systems |
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.Chattels
Chattels, or personal property, refers to items that are not permanently attached to a property that can be easily removed without causing damage. Examples of chattels include furniture, electronics, clothing, vehicles and artwork. The difference between chattels and fixtures can be nuanced. For example, kitchen appliances that are attached into a cabinet are fixtures where free standing appliances are chattels.Details
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.Summary
Fixtures are assets that are attached or integrated into land or a building. This is relevant to real estate transactions where personal property is generally expected to be moved out and fixtures are reasonably expected to remain.
| Overview: Fixtures | ||
Type | ||
Definition | Property that is attached or integrated into land or a building. | |
Related Concepts | ||
