A trade fixture is defined as the property of a tenant that is installed, and is necessary for their trade or business. Usually a landlord will give a tenant permission to install major trade fixtures, such as freezers or large signs, and there is usually an agreement concerning removal of the item at the end of the lease term.

A trade fixture is personal property and can be removed by the tenant any time before the end of the lease term. The tenant must repair damage caused by removal of trade fixtures.

If a trade fixture is not removed before the expiration of the lease, the trade fixture becomes the property of the landlord at the end of the lease term.

* Remember, trade fixtures are commercial and considered to be personal property. Fixtures are considered to be real property!