What are special types of objects used by commercial tenants in their business known as?

The term "Trade Fixtures" refers specifically to the items that commercial tenants utilize in their businesses to carry out their operations. These are often items that a tenant installs or brings into a leased property to facilitate their business activities. Trade fixtures are always considered personal property, which means they can be removed by the tenant when their lease expires. This distinguishes them from regular fixtures that typically belong to the property owner once installed.

Understanding what constitutes trade fixtures is important because it highlights the rights of tenants to modify or enhance the leased space for their business needs while also outlining their responsibilities regarding removal upon lease termination. This concept is particularly relevant in commercial leases, where the nature of the business and its requirements for specific equipment or modifications can significantly affect the terms of the lease and the relationship between landlord and tenant.

In contrast, personal property generally refers to all movable items that are not fixed to the land, while leased equipment pertains to items specifically under a lease agreement, emphasizing the arrangement of possession rather than the tenant's direct use for business. Incorporated goods imply items that are fundamentally part of the property and not designed for tenant use in a business context.