Definition from Nolo’s Plain-English Law Dictionary
A piece of equipment placed on or attached to commercial real estate, which is used in the tenant's trade or business. Trade fixtures differ from other fixtures in that they may be removed from the real estate (even if attached) at the end of the tenancy, while ordinary fixtures attached to the real estate become part of it.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:26 pm