What type of property is considered personal property of the tenant in a lease?

In a lease agreement, trade fixtures are considered personal property of the tenant. Trade fixtures are items that a tenant attaches to a rental property for the purpose of conducting business. They are typically necessary for the tenant’s operations and, despite being affixed to the property, they remain the tenant's personal property. This means that, upon the lease's termination, the tenant has the right to remove these fixtures, provided that removal does not cause significant damage to the property.

The distinction about trade fixtures is essential in property management and leasing, as it influences the limitations and rights of both tenants and landlords regarding property ownership and removal. In contrast to trade fixtures, other choices touch upon areas where property rights differ. Fixtures, for instance, are items that are permanently attached to the property and are considered part of the real estate, whereas appliances, although movable, may be classified differently based on lease terms. Concessions relate more to incentives provided by landlords and do not pertain to the tenant's personal property. Understanding these distinctions helps both tenants and property managers navigate the complexities of leasing agreements.