Fixture
Personal property that has been attached to real property in such a way that it becomes part of the real property.
Encyclopedia entry: Fixture
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fixture
A fixture is any previously movable chattel , or property other than real property , that becomes part of real property due to an attachment between the two. For example, a brick stove built into the wall of a restaurant would be a fixture of that restaurant.
When real property is transferred from one owner to another, its fixtures are transferred along with it. Additionally, a tenant cannot remove and take possession of the fixtures of real property when their lease has ended. That said, trade fixtures , or fixtures installed by a tenant for the purposes of doing business are considered property of the tenant and can be removed once the lease has ended.
Whether or not a given item is considered a fixture, trade fixture, or chattel depends on the specific facts and circumstances surrounding it. In making this determination, a court will consider how attached the item is to the real property, how related the item is to the purpose of the real property, and any intention to create a fixture (see: Rothermich v. Union Planters Nat. Bank ).
[Last reviewed in January of 2023 by the Wex Definitions Team
]
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.