Trade Fixtures Clause

• Category: Leases - Contracts
• State: Multi-State
• Control #: US-CL-660-1
• Format: Word; Rich Text

Description

Examples of clauses regarding and surrounding the topic of Trade Fixtures, Machinery and Equipment of Tenant. The Trade Fixtures Clause is a legal agreement between two parties, usually a landlord and a tenant, that outlines the rights and responsibilities of each party when it comes to trade fixtures, which are items used to facilitate the tenant’s business operations. Trade fixtures are considered to be part of the tenant’s personal property, but are attached to the leased property and are considered to be moveable. The Trade Fixtures Clause outlines who are responsible for the installation and removal of the trade fixtures, as well as who is responsible for any damage that may occur as a result. There are two types of Trade Fixtures Clause: landlord’s fixtures, which are those that are installed by the landlord and remain on the leased property, and tenant’s fixtures, which are those that are installed by the tenant and are considered moveable. The Trade Fixtures Clause also outlines the tenant’s right to remove their fixtures at the end of the lease, and the landlord’s right to be compensated for any damage that may have been caused to the leased property by the tenant’s removal of their trade fixtures.

The Trade Fixtures Clause is a legal agreement between two parties, usually a landlord and a tenant, that outlines the rights and responsibilities of each party when it comes to trade fixtures, which are items used to facilitate the tenant’s business operations. Trade fixtures are considered to be part of the tenant’s personal property, but are attached to the leased property and are considered to be moveable. The Trade Fixtures Clause outlines who are responsible for the installation and removal of the trade fixtures, as well as who is responsible for any damage that may occur as a result. There are two types of Trade Fixtures Clause: landlord’s fixtures, which are those that are installed by the landlord and remain on the leased property, and tenant’s fixtures, which are those that are installed by the tenant and are considered moveable. The Trade Fixtures Clause also outlines the tenant’s right to remove their fixtures at the end of the lease, and the landlord’s right to be compensated for any damage that may have been caused to the leased property by the tenant’s removal of their trade fixtures.