Trade Fixtures Flashcards
1
Q
Trade Fixture
A
Removable personal property that tenant attached to premises to conduct business
2
Q
Under what 3 conditions can a commercial tenant remove trade fixtures when lease is up?
A
1.Essential for the tenants business operations 2.Detachable without damaging the property (or repairable)
3.Moved out within a certain period of time
3
Q
Bill of sale (or agreement)
A
A legal document that proves a properties ownership has changed from sellers to buyers Fixtures such as washers, dryers, fridges that stay with the house should be listed in the sale contract in bill of sale
