Trade Fixture Legal Meaning and Definition

Here is a simplified definition of the legal term Trade Fixture.

Trade Fixture (noun):

A trade fixture is a piece of equipment or machinery that a tenant installs on leased property for use in their business. Even though the fixture might be physically attached to the property, it is still considered the personal property of the tenant, and they have the right to remove it when their lease ends. However, the tenant is responsible for repairs or compensation for any damage caused to the property by the installation or removal of the trade fixture.