Definition of "Fixture"

Christopher Dardano Agent real estate agent

Written by

Christopher Dardano Agentelite badge icon

NextHome CNY Realty

A fixed asset whose utility is derived from its physical attachment to a property and which usually cannot value or damage. A fixture, under the terms of a lease or other agreement, can be detached.

Comments for Fixture

Khem Kharel Khem Kharel said:

which one of these is not a fixture? land, shrub, tree swimming pool

Dec 25, 2018  21:10:02

 
Real Estate Agent

Land is real property, obviously. You can't take the land with you when you move. 
Shrubs and trees, since they are attached to the land by roots, are fixtures.
Swimming pools that are not fixed in the ground are NOT fixtures. So, even if it is well integrated into the property, like a jacuzzi or a prefab swimming pool, that is personal property.  Trade fixtures are also not true fixtures. 

Jan 09, 2019  04:28:46
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Time period in which one may carry out a lien on property. ...

Individual making the payments in a mortgage or pledging a mortgage or property. ...

In real estate terms, many consider having corner influence an extra financial advantage when it comes to transactions in most cases. Usually, enjoying a corner influence brings an ...

An interest in property with the right o possession being postponed into the future until a certain even occurs. There are several possibilities where a future interest in property could ...

Combination of two or more real estate brokerages into one, with only one company retaining its identity. Typically, the larger of the two companies is the company whose identity is ...

Type of mortgage, which is not based on a constant interest rate. ...

Unglazed and natural clay or shale machine extruded into ceramic tile. Quarry tile is often used for factory flooring. ...

Selling lots of land for such reasons as building structure on them including homes, office buildings, and shopping centers. ...

(1) The transformation of a racially integrated neighborhood-bousing pattern into segregated housing. (2) Deterioration, destruction, or decay. ...

Popular Real Estate Questions